(Reuters) - U.S. contractor CACI International Inc (CACI.N) cut its fiscal 2014 forecast as it struggles with reduced government spending and delays in getting new contracts.
CACI’s shares fell as much as 9 percent after the bell.
The company, which provides services to national security missions of the U.S. government, expects to earn $5.12-$5.51 per share, down from its earlier estimate of $5.59-5.98.
CACI also cut its revenue forecast to $3.50 billion-$3.60 billion from $3.65 billion-$3.80 billion.
Analysts on average were expecting earnings of $5.78 per share on revenue of $3.70 billion, according to Thomson Reuters I/B/E/S.
CACI also said it was facing reductions in Afghanistan-related material purchases.
The company’s shares were trading down at $68 after the bell on Wednesday. They closed at $74.56 on the New York Stock Exchange.
Reporting by Rohit T. K. in Bangalore; Editing by Sriraj Kalluvila