CACI International (NYSE: CACI) loweredÂ full-year earnings per share guidance WednesdayÂ asÂ first quarter EPSÂ and revenue exceededÂ Wall Street analyst forecasts on continued contributions from the National Security Solutions business acquired in February from L-3 Communications (NYSE: LLL).
GovCon Index-listed CACI nowÂ expects earnings forÂ its 2017 fiscal yearÂ started Oct. 1Â of $5.98-$6.37Â per share versus the prior $6.02-$6.43 outlookÂ withÂ revenue expectations held at $4.05 billion-$4.25 billion and theÂ net income outlook also unchanged at $150 million-$160 million.
Earnings for the FY 2017 first quarter were $1.47 per share toÂ exceed analysts’ expectations of $1.25 EPS, Â while revenue climbedÂ 30.51Â percent year-over-year to $1.07 billion versus Wall Street’s outlook of $1.02 billion.
NSS generated $254.3 million in first quarter revenue for CACI, which isÂ scheduled to discuss results and market outlooks with analysts before markets open Thursday.
As of Wednesday’s close, shares in CACI have added 9.13 percent since the start of the year and are up 18.81 percent over 12 months.
By comparison, the GovCon Index has risen 7.36 percent on a year-to-date basis andÂ 5.05 percent for 52 weeks.