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CSRA’s Earnings Fall, Sales Rise In Third Quarter

Cal Biesecker By
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CSRA’s Earnings Fall, Sales Rise In Third Quarter
CSRA President and CEO Larry Prior. Photo: CSRA

Reporting financial results for the first time, CSRA Inc. [CSRA] on Wednesday posted lower net income on separation and merger costs while sales rose in the third quarter.Pre-tax expenses associated with the separation from CSC [CSC] were $44 million and CSRA also incurred a month of amortization costs related to its acquisition of SRA International on Nov. 30, 2015.Sales increased 3 percent to just over $1 billion from $999 million a year ago. The results include one month of revenue…

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