Home / Tag Archives: financial report (page 22)

Tag Archives: financial report

Orbital ATK to Restate Financials & Delay 2Q Filing on Accounting Review

Orbital ATK (NYSE: OA) said Wednesday it plans to restate almost two years of financial results on accounting issues and will delay the filing of its quarterly report for the most recent quarter as the company carries out an accounting review in its defense segment. The Dulles, Virginia-based space systems and ammunition maker said …

Read More »

Vectrus Lifts 2016 Earnings, Revenue Guidance

Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous $2.02-$2.31 range with revenue of $1.18 billion-$1.2 billion compared to …

Read More »

August 9 Market Close: GovCon Index Rebounds, AECOM Down on 3Q Revenue Miss

Executive Mosaic’s GovCon Index rebounded Tuesday with gainers outnumbering laggers by a roughly 4-to-1 ratio against a largely choppy day for U.S. stocks as the general financial markets continue to struggle for direction. Ten of the GCI’s 11 S&P 500-listed stocks closed in green with McKesson Corp. (NYSE: MCK) the best net …

Read More »

State Dept Approves Saudi Arabia’s $1.15B Request for US Abrams Tanks, Ground Vehicle Recovery Systems

The State Department has approved Saudi Arabia’s request to purchase $1.15 billion in General Dynamics-built (NYSE: GD) Abrams battle tanks along with a suite of ground vehicle recovery systems from the U.S. government under a foreign military sales agreement between both countries. Twenty of the total 153 M1A2S Abrams tanks covered under …

Read More »

AECOM 3Q Earnings Top Street Forecast, Revenue Misses on Energy Market Headwinds

AECOM (NYSE: ACM) reported third fiscal quarter earnings above the consensus analyst outlook Tuesday as revenue for the period fell year-over-year on continued softness in the oil and gas markets with exacerbated effects from the mid-year fire in Fort McMurray, Canada. Earnings for the quarter ended June 30 came in at 81 …

Read More »

August 8 Market Close: GovCon Index Dragged by Northrop & Other Defense Prime Losses

The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: …

Read More »

August 8 Morning Report: GovCon Index Posts All-Time High on July Jobs Report

Executive Mosaic’s GovCon Index posted an all-time high Friday with a gain of 0.535 points to 82.835 following the Labor Department‘s report that nonfarm businesses added 255, 000 jobs in July. The jobs report exceeded the forecast of 180, 000, a month after economists revised June’s jobs number from the forecast of 287, 000 to 292, 000. The …

Read More »

August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers

Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …

Read More »

August 4 Market Close: GovCon Index Posts Slight Loss, US Markets Eye Jobs Data

Executive Mosaic’s GovCon Index held lower Thursday against narrow movement by U.S. stocks as investors looked ahead to the July jobs report for release Friday before the opening bell. The GovCon Index declined 0.176 points to 82.300 and three of its 11 S&P 500-listed stocks closed in positive with Boeing (NYSE: BA) and McKesson Corp. (NYSE: …

Read More »

Maximus Cuts Revenue Outlook on UK Pound Headwinds, Lifts FY 2016 Earnings Guidance on 3Q Beat

Maximus (NYSE: MMS) cut its revenue forecast for the government health and human services contractor’s 2016 fiscal year ending September 30 on an expectation of continued weakening in the U.K.’s pound since Britain’s June 23 vote to leave the European Union. Reston, Virginia-based Maximus now expects sales in the $2.37 billion-$2.4 billion range from …

Read More »