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CACI Expects Higher Earnings Sales In FY ’11; Plans Share Repurchases

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CACI International [CAI] yesterday issued guidance for its FY '11 that begins tomorrow, saying that net income and sales are expected to increase. The company also announced a new stock repurchase program of $50 million based on its long-term prospects and ability to generate cash. The share repurchase program will cover up to one million shares. CACI's guidance for FY '11 projects net income to be up 10 to 15 percent, or between $116 million, $3.70 earnings per share (EPS),…

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