SRA International Inc. (NYSE:SRX) posted stronger-than-expected fiscal fourth-quarter earnings, and gave fiscal 2011 guidance that was in-line with analyst expectations.
The technology and consulting services firm forecast fiscal full-year earnings per share in the range of $1.36 to $1.44 a share on revenue between $1.77 billion and $1.82 billion. Analysts polled by Thomson Reuters had predicted earnings of $1.41 a share on revenue of $1.78 billion.
The company reported a fourth-quarter profit of $20.9 million or 36 cents a share, compared with year-ago earnings of $17.5 million or 30 cents a share.
Revenue rose 5.6% to $424.6 million, up from last year’s fiscal fourth-quarter sales of $401.95 million.
Analysts polled by Thomson Reuters had predicted earnings of 33 cents a share on revenue of $419.27 million.
The company said its backlog of signed business orders rose 10% compared to the year-ago quarter $4.45 billion. Sequentially, however, backlog levels fell from $4.8 billion.
Shares of SRA International fell $1.21 or 5.51% in Wednesday’s session. The stock was inactive in after-hours trading.