Tag Archives: financial report

June 28 Market Close: GovCon Index Shows Rebound as Markets Attempt Reversal From Brexit Shock

Executive Mosaic’s GovCon Index received a modest boost Tuesday from attempts by U.S. and global equity markets to shake off a two-day rout spurred by Britain’s vote to leave the European Union with help from strong activity in McKesson Corp. (NYSE: MCK) and Honeywell (NYSE: HON). The GovCon Index gained 0.725 points to 76.502 as the …

Read More »

June 27 Market Close: GovCon Index Plunge Deepens on Post-Brexit Fallout’s Second Day

The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union. Executive Mosaic‘s GovCon Index closed down 2.004 percent to 75.777 with Vectrus (NYSE: VEC) and Northrop Grumman …

Read More »

June 27 Morning Report: Raytheon Lone Gainer as GovCon Index Drops After Brexit Vote

The GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union. The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropped 3.6 percent Friday …

Read More »

June 24 Market Close: GovCon Index Plummets on Brexit Vote Fallout, Raytheon Lone Gainer

The GovCon Index was no exception to the effects of Britain’s vote to leave the European Union on global financial markets Friday as the GCI recorded its worst one-day percentage drop of 2016 by 2.805 percent to 77.327. Friday’s plunge brought the GCI from a weekly gain to a five-day loss of 1.175 percent …

Read More »

June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

Read More »

CACI FY 2017 Guidance Below Street Outlook

CACI International (NYSE: CACI) issued earnings and revenue guidance below analyst expectations Wednesday for the government services contractor’s next fiscal year that starts July 1 on higher indirect costs and selling expenses in conjunction with a forecasted seasonal sales decline in the summer. An additional seven months of the National Security Solutions business acquired …

Read More »

June 22 Market Close: GCI, US Stocks End in Narrow Range on Last Pre-Brexit Vote Trading Day

The GovCon Index hit choppy trade in the afternoon after a strong open Wednesday and recorded a nominal gain of 0.004 points to 79.194 to mark its second straight day with a close in narrow negative range in the final full trading session for U.S. investors before Thursday’s Brexit vote. British citizens will head to the polls for …

Read More »

June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way. Many lead …

Read More »

Neustar to Split In Two Independent Companies

Sterling, Virginia-based technology and analytics services provider Neustar (NYSE: NSR) will divide into two independent, publicly-traded companies with an intended timeline of one year to completion via a spinoff intended as tax-free. Neustar said Tuesday the two separate businesses will be one focused on information services with $470 million in 2015 …

Read More »

June 20 Market Close: GCI Soars 1%, Stocks With UK Presence Lift as Markets View Britain’s EU Exit as Unlikely

The GovCon Index started the week of Britain’s vote on whether to stay in the European Union on the front foot with a Monday gain of 1.192 percent to 79.289 as global investors took positions that the U.K. public will vote against the “Brexit.” BAE Systems PLC‘s over-the-counter listing in the U.S. closed …

Read More »