CSRA reports quarterly loss

CSRA said this week it lost nearly $72 million in its most recent quarter, compared to a $57.7 million profit in the same three-month period a year earlier.

The contractor reported quarterly sales of nearly $1.3 billion, up from $1 billion the prior year.

CSRA was formed less than a year ago when Computer Sciences Corp. spun off its U.S. public-sector business, which was then merged with SRA International.

"Our market is slowly returning to growth," Larry Prior, CSRA's chief executive, said during a call with analysts on Wednesday.