Arlington, Virginia-based government services contractor CACI International (NYSE: CACI) narrowed revenue forecasts for its 2016 fiscal year on delays to contract awards as some bookings arrived late in its third fiscal quarter that ended in March, CEO Ken Asbury told investors Thursday. As GovCon Wire reported Wednesday, CACI cut the high end of it...
The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly financial stateme...
The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: ...
The GovCon Index held against choppy trading activity in U.S. markets during the afternoon session Friday to close at a gain of 0.387 points to 76.369 and notch its second consecutive week in the positive. Friday also marks the Index’s seventh weekly gain over the last eight in a stretch that has seen it climb nea...
April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government...
The GovCon Index bounced back from its early morning decline at the open to close at a gain of 0.522 points to 76.214 as both stock and commodities markets seemed to move past news that major oil suppliers did not agree on a production freeze at their Doha meeting over the weekend. The Index opened nearly one-quarter...
The GovCon Index posted its fourth consecutive gain Monday by a narrow 0.074 points to 75.415 in a reversal from a sharp fall in mid-morning trade as oil prices rose and both technology and biotech stocks helped the major U.S. indices hold in positive at the close. Utility and material shares lagged on the S&P 500 composite...
The GovCon Index turned upward in the last two hours of trade Wednesday after the Federal Reserve announced it would baseline interest rates unchanged and closed at a gain of 0.599 points to 73.987. Index stock Vectrus (NYSE: VEC) led all gainers at 9.44 percent after the information technology and communications contractor poste...
The GovCon Index closed Friday with a 0.247-point climb to 73.958 on potential indicators against additional interest rate hikes and extended rallies by Engility Holdings (NYSE: EGL) and Navistar International (NYSE: NAV). The Index posted a weekly gain of 2.082 percent to record positive movement for the third consecutive five-day pe...
The GovCon Index posted a modest gain of 0.247 points to 73.958 Friday on a new Labor Department jobs report that investors believe does not indicate further interest rate hikes at the moment. Friday’s positive close puts the Index at a gain of 2.082 percent for the week to record its third consecutive five-day pe...
