Financial Reports

Zacks: Vectrus Expected to Record 1.8% Rise in Q1 2020 Revenue

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Vectrus (NYSE: VEC) is expected to report $331.84M in revenues for the first quarter ended March 2020, which represents a 1.8 percent increase from the prior-year period, Zacks reported Tuesday. According to Zacks consensus estimate, the Colorado Springs, Colo.-based government services contractor is expected to record $0.77 in Q1 earnings per share, a figure that reflects a year-over-year increase of 11.6 percent.

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State Street Releases Pricing of Fixed-to-Floating Rate Senior Notes Offering

state-street-releases-pricing-of-fixed-to-floating-rate-senior-notes-offering

State Street Corp. announced that it has priced an offering of $750 million aggregate principal amount of 2.825 percent Fixed-to-Floating Rate Senior Notes due 2023, $500 million aggregate principal amount of 2.901 percent Fixed-to-Floating Rate Senior Notes due 2026 and $500 million aggregate principal amount of 3.152 percent Fixed-to-Floating Rate Senior Notes due 2031.

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Wells Fargo Analysts Share Financial Insights on Leidos, SAIC Deals

A new Wells Fargo Securities report offers analysts' views on Leidos' (NYSE: LDOS) move to buy the security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for $1B as well as Science Applications International Corp.'s (NYSE: SAIC) plan to acquire the federal unit of Unisys (NYSE: UIS) for $1.2B.

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Nazzic Keene: SAIC Targets Multiple Gov’t Market Areas to Drive Growth

Nazzic Keene, CEO of Science Applications International Corp. (NYSE: SAIC) and a 2019 Wash100 winner, said that mission engineering, technology modernization and space systems market opportunities can provide a catalyst for long-tern SAIC growth, the Washington Business Journal reported Friday.

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Booz Allen Posts Q2 2020 Revenue Growth, Plans Limited AI Tech Release; Horacio Rozanski Quoted

Booz Allen Hamilton (NYSE: BAH) topped analyst expectations in the second quarter of its 2020 fiscal year with a revenue growth of 12.7 percent over the same period last year, the Washington Business Journal reported FridayHoracio Rozanski, CEO of Booz Allen and two-time Wash100 Award recipient, said the company has lifted its guidance despite the current federal budget scenario.

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