UPDATE 1-CACI sees fiscal 2009 earns below Street

Wed Jun 25, 2008 10:09pm BST
 
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(Adds dateline, details)

NEW YORK, June 25 (Reuters) - CACI International Inc CAI.N, which supplies technology and training services to the U.S. military, on Wednesday forecast earnings below Wall Street forecasts for next fiscal year, in the face of slowing growth in U.S. military spending.

The company, which is a key contractor for U.S. intelligence agencies and has been engaged in work in Iraq, is one of many firms that would be affected if a new U.S. administration reins in defense spending, or hastens a U.S. withdrawal from Iraq and Afghanistan.

CACI, based in Arlington, Virginia, forecast earnings for fiscal year 2009 of $2.90 to $3.10 per share, below analysts' average forecast of $3.15, according to Reuters Estimates.

CACI said it expected revenue for fiscal 2009, which begins on July 1, of $2.55 billion to $2.65 billion, in line with analysts' average estimate of $2.63 billion. (Reporting by Bill Rigby; editing by Gunna Dickson)

 

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