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April 28 Market Close: GovCon Index Reverses Course, Plunges 1% on CACI Guidance Cut

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The GovCon Index had all of its Wednesday gains wiped out in Thursday trade with a sharp decline of 1.482 percent to 76.842 after a third-quarter revenue miss and guidance cut from government services contractor CACI International (NYSE: CACI). Arlington, Virginia-based CACI brought down the high ends of both its full-year earnings and revenue outlooks on …

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