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Tag Archives: financial report

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 …

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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 …

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June 17 Market Close: GovCon Index Falls to Snap 4-Week Gain Streak

The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum. The GCI recorded a weekly decline of …

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June 16 Market Close: GovCon Index Pares Losses in PM Trade, Markets Hedge on UK EU Exit Vote

The GovCon Index staged a recovery in afternoon trade after a limp open Thursday but closed at a loss of 0.059 points to 78.791 as Britain’s referendum on whether to exit the European Union continued to dominate global financial market activity. All campaign activities surrounding the “Brexit” vote set for Thursday …

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June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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June 14 Market Close: GCI Barely Nudges Up as Britain EU Vote, Central Banks Mute Markets

The GovCon Index rallied late Tuesday afternoon and ended at a narrow gain of 0.033 points to 78.945 as global investors held back over the U.K.’s potential European Union exit and also started to watch world central bank meetings. CACI International (NYSE: CACI) rose after the Air Force announced the services provider as the …

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June 13 Market Close: GovCon Index in Deep Red, SAIC Lifts After 1Q Earnings Beat

The GovCon Index was dragged Monday by the across-the-board selloff in U.S. stocks and closed at a steep decline of 1.288 percent to 78.912. McLean, Virginia-based Science Applications International Corp. (NYSE: SAIC) was the GCI’s lone gainer at 2.16 percent after the contractor reported first-quarter earnings and revenue above analyst forecasts. Losses …

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SAIC 1Q Earnings, Revenue Beat Street Forecasts

Science Applications International Corp. (NYSE: SAIC) — one of 3 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter earnings and revenue figures above the consensus Wall Street forecasts with sales contributions from the Scitor business acquired a year ago. The McLean, Virginia-based government services contractor said earnings for the …

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June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks

The GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase. Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s …

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June 10 Market Close: GovCon Index Down, Notches 4th Straight Weekly Gain Ahead of Fed’s Midweek Summit

The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent …

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