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Tag Archives: financial report

May 6 Market Close: GovCon Index Boosted by Engility & ICF 1Q Beats, Huntington Ingalls Extends Gain Stretch

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The GovCon Index rode the wave of buying activity in U.S. financial markets Friday and closed up 0.634 points to 7.206, which put the GCI at a weekly gain of 0.845 points to start May after a series of earnings reports from contractors that exceeded analyst expectations. Shipbuilder Huntington Ingalls Industries (NYSE: HII) extended its win …

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Weekly Roundup May 2 – May 6 2016: Defense Earnings Season Rolls On & More

May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what …

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Lynn Dugle: Engility Shifts to Organic Growth Focus, Seeks $5B in New Bids

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Engility Holdings (NYSE: EGL) expects to start seeing some organic sales growth in the second half of this year as the company has finished the integration of fellow government services contractor TASC one year out from that acquisition’s closure, CEO Lynn Dugle told investors Thursday. Chantilly, Virginia-based Engility has nearly $3.5 billion …

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May 5 Market Close: GovCon Index Rises on Huntington Ingalls & McKesson Gains, Orbital ATK Down on Sales Miss

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The GovCon Index stayed clear of choppy activity in U.S. financial markets with a gain of 0.705 points — or 0.929 percent — to 76.572 on a first quarter earnings beat by shipbuilder Huntington Ingalls Industries (NYSE: HII) and a sharp spike in McKesson Corp. (NYSE: MCK) shares. Huntington Ingalls rose 4.13 percent after the …

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Orbital ATK 1Q Earnings Meet Street Outlook, Miss on Revenue; Huntington Ingalls 1Q & Maximus 2Q Results Top Analyst Estimates

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Three companies listed in Executive Mosaic’s GovCon Index reported quarterly financial results before U.S. financial markets opened Thursday with one in-line against analyst expectations for earnings per share and below on revenue and the other two contractors above Wall Street’s outlook for both figures. Dulles, Virginia-based space vehicle manufacturer Orbital ATK (NYSE: …

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May 4 Market Close: GovCon Index Down as Job Estimates Weigh on US Markets

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The GovCon Index slid for a second consecutive session Wednesday by 0.498 points to 75.867 as U.S. financial markets entered sell-off mode on new data that showed a slowdown in hiring for the month of April. Harris Corp. (NYSE: HRS) extended its stretch of declines into a second straight day after the communications …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

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The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Harris Cuts FY 2016 Earnings, Revenue Forecasts on Slowing Middle East Demand

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Harris Corp. (NYSE: HRS) — an S&P 500 company listed in Executive Mosaic’s GovCon Index — has cut full-year revenue guidance for a second consecutive quarter in its current fiscal year with this reduction due to a slowdown in tactical communications product demand from the Middle East. The Melbourne, Florida-based military radio manufacturer now expects …

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May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

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The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309,200 shares traded …

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Cubic Lifts FY 2016 Revenue Guidance on 2Q Beat; Earnings Forecast Narrowed

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Cubic Corp. (NYSE: CUB) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted revenue guidance for its 2016 fiscal year in part on added contributions from two acquired businesses and exceeded Wall Street estimate for the company’s second quarter. The San Diego-based defense and transportation contractor now …

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