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EARNINGS
CACI Raises Guidance For Fiscal 2009
CACI International raised its guidance for the year, citing better performance in some markets and a lower tax rate.
The Arlington information technology company said it expects to earn $94.1 million to $96.3 million, or $3.09 to $3.16 per share, for the 2009 fiscal year, which ends Tuesday. That's up from a previous estimate of $90 to $93 million, or $2.95 to $3.05 per share.
The company said its continued strong performance in the United States and better-than-expected performance in Britain spurred the change, along with a beneficial tax rate and gain associated with some commercial legal matters.
Shares of CACI rose 63 cents, or 2 percent, to $39.72.
-- Associated Press
STOCKS
Washington Post Sets Quarterly Dividend
The Washington Post Co. declared a regular quarterly dividend of $2.15 per share. The media and education company, which publishes The Washington Post newspaper, said the dividend will be payable Aug. 7 to shareholders of record July 27.
The publisher also owns Newsweek magazine, Kaplan educational services, a cable TV business and other properties.
Before reporting a loss for its first quarter in May, the company had posted nine straight quarters of declining profits. Revenue from its education and cable TV units have bolstered the Post's earnings. However, that hasn't been enough to offset the accelerating decline in advertising income from its newspaper division.
The Post paid dividends at an annual rate of $8.60 in 2008.
-- Associated Press
