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CACI Raises Earnings Guidance

Cal Biesecker By
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CACI Raises Earnings Guidance
CACI President and CEO Ken Asbury

Due to better than expected operating performance, CACI International [CACI] on Wednesday revised upward its earnings guidance for its fiscal year 2018 that ends on June 30.The company now expects net income to range between $292 million, $11.54 earnings per share (EPS), and $297 million ($11.74 EPS), up from the prior outlook of between $285 million ($11.26 EPS) and $291 million ($11.50 EPS).CACI said the improved operating performance is reflected on various programs, particularly on fixed-price contracts. Corporate taxes are…

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