CACI International Inc (CACI), Wednesday reported third-quarter net income of $38.3 million, compared to $40.8 million in the same quarter prior year. On a per share basis, the company' profit rose to $1.62 from $1.45 in the year-ago quarter, reflecting lower number of outstanding shares.
Adjusted income for the quarter was $49.3 million or $2.08 per share, up from $51.3 million or $1.23 per share a year ago.
Third-quarter revenues dropped to $906.19 million from $927.96 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected earnings of $1.64 per share on revenues of $936.83 million for the quarter. Analysts' estimates typically exclude one-time items.
Looking forward to the full-year 2013, the company revised down its outlook and now expects earnings of $6.29 to $6.55 per share, and revenues of $3.65 billion to $3.75 billion. Analysts currently estimate earnings of $6.54 per share on revenues of $3.876 billion.
Earlier, the company expected full-year earnings of $6.54 to $6.79 per share and revenues of $3.70 billion to $3.90 billion.
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