Getty Images SAN FRANCISCO (MarketWatch) — Shares of CACI International Inc. fell in the extended session after the government IT contractor cut its outlook for the year because of delayed awards.
/quotes/zigman/221066/delayed/quotes/nls/caci CACI 74.56, +0.50, +0.68% CACI 12-month stock price
Shares of CACI (CACI) fell 8.8% to $68 on moderate volume after the company trimmed its full-year earnings outlook to a range of $5.12 to $5.51 a share and its revenue outlook to a range of $3.5 billion to $3.6 billion. Analysts surveyed by FactSet are expecting $5.78 a share on revenue of $3.71 billion.
"We are revising our guidance as a result of the impact of the continued uncertainty our customers are experiencing despite the passage of the omnibus appropriations bill in January," CACI said in a statement. "We continue to experience delays in contract awards for new business to CACI, lower run-rates on professional services contracts, and reductions in Afghanistan-related material purchases."
The firm reports fiscal third-quarter results on April 30.
Venaxis Inc. (APPY) shares fell 12% to $2.38 on light volume after the medical diagnostics company said it planned to launch an secondary offering of an unspecified number of shares.
Shares of iRobot Corp. (IRBT) rose 2.4% to $43.84 on light volume after the maker of home and defense robots said it planned to buy back up to $50 million in shares before May 2015.
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