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Business/Financial

CACI Provides Guidance For FY ’17 Short Of Consensus Estimates

By Cal Biesecker

Thursday, June 23rd, 2016

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CACI Provides Guidance For FY ’17 Short Of Consensus Estimates

CACI President and CEO Ken Asbury

CACI International [CACI] on Thursday introduced financial guidance for its fiscal year 2017 that begins on July 1 that shows strong top and bottom line growth driven by a recent acquisition but which falls short of analysts’ expectations.The company is forecasting net income in FY ’17 between $150 million, $6.02 earnings per share (EPS), and $160 million ($6.43 EPS), versus guidance for FY ’16 between $133 million ($5.37 EPS) and $140 million ($5.65 EPS). Analysts are estimating $6.50 EPS in…

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