CACI International Q2 Adj $4.36 Misses $4.47 Estimate, Sales $1.83B Miss $1.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
CACI International reported Q2 adjusted earnings of $4.36 per share, missing the consensus estimate of $4.47, and sales of $1.83B, slightly below the expected $1.84B. Despite the miss, earnings and sales increased from the same period last year by 1.87% and 11.22%, respectively.
January 24, 2024 | 9:40 pm
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CACI International's Q2 earnings and sales missed analyst estimates, which could lead to negative investor sentiment and a potential short-term decline in stock price.
Missing both earnings and sales estimates typically results in negative market reactions, as it may indicate that the company is not performing up to market expectations. However, the slight miss and the year-over-year growth could mitigate some of the negative impact.
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RELEVANCE 100