Home / Tag Archives: GovCon Index (page 29)

Tag Archives: GovCon Index

August 11 Market Close: GovCon Index Swings Positive on Orbital ATK Rebound & Lockheed Rise

Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the …

Read More »

CSRA Shows Openness to Deals With ‘Cloud-Enabled Digitization’ Factor, 1Q Earnings Top Street Outlook

CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competitive …

Read More »

August 10 Market Close: GovCon Index Falls on Orbital ATK Plunge After Accounting Disclosure

Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the stock’s biggest one-day loss in nearly a year after the space systems …

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 »

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 »

Weekly Roundup August 1 – August 5 2016: Leidos Further Details Post-Merger Picture & more

August 1 – August 5 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government contracting’s M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaic’s home of market-moving news for the sector. …

Read More »