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Tag Archives: financial report

May 2 Morning Report: GovCon Index Posts Weekly Decline, Sharp Gain for April

The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week. GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent. Several of the largest GovCon companies reported first-quarter earnings and …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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April 28 Market Close: GovCon Index Reverses Course, Plunges 1% on CACI Guidance Cut

The GovCon Index had all of its Wednesday gains wiped out in Thursday trade with a sharp decline of 1.482 percent to 76.842 after a third-quarter revenue miss and guidance cut from government services contractor CACI International (NYSE: CACI). Arlington, Virginia-based CACI brought down the high ends of both its full-year …

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Ken Asbury: CACI Narrowed Guidance on Award Timing Delays in 3Q

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 …

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Raytheon Posts 9% Sales Jump in 1Q on Missile Sales, Lifts Full-Year Earnings Outlook Despite 1Q Profit Decline

Raytheon (NYSE: RTN) — listed both in Executive Mosaic’s GovCon Index and the S&P 500 — has reported higher sales for its first quarter on global demand for its weapons and lifted its full-year earnings guidance despite a year-over-year profit decline. The Waltham, Mass.-based missile maker said first quarter revenue increased 8.88 percent from the …

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ManTech Tops Wall Street 1Q Earnings & Revenue Forecast; CACI Misses Analyst 3Q Sales Outlook

Fairfax, Virginia-based government services contractor ManTech International (NASDAQ: MANT) exceeded the consensus analyst estimate for first quarter earnings and revenue, while Arlington-headquartered CACI International (NYSE: CACI) missed Wall Street’s sales outlook for its fiscal third quarter. Both companies are listed in Executive Mosaic’s GovCon Index of 30 publicly-traded government contractor stocks. ManTech reported January-March earnings at 35 …

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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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April 26 Market Close: GovCon Index Soars 1% on Lockheed Forecast Lift & Defense Prime Gains

The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gainers at $5.86 or …

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Lockheed Awaits UK Regulatory Review Over Leidos Deal; IS&GS 2016 Forecast Lifted

Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both companies agreed in …

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April 25 Market Close: GovCon Index, US Stocks Weighed By Oil Declines & Earnings Worries

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 …

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