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Tag Archives: GovCon Index

August 1 Morning Report: GovCon Index Posts Friday Decline, Ends July With 5.58% Gain

Executive Mosaic’s GovCon Index closed Friday down 0.065 points to 82.248 to post weekly and monthly gains of 0.460 points and 5.58 percent, respectively. The Index remained in neutral range following second-quarter earnings reports from government contractors such as Raytheon (NYSE: RTN), L-3 Communications (NYSE: LLL) and Leidos (NYSE: LDOS). Top GovCon Index Net Gainers Symbol Company …

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July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

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Weekly Roundup July 25 – July 29 2016: Defense Tech Makers Show Life in 2Q Earnings & more

July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors’ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven contractors …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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ManTech Tops Street’s 2Q Earnings Forecast, Reports 19% Profit Jump

ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 cents and the company also adjusted full-year …

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July 27 Market Close: GovCon Index Gets Lift on CGI, GD & Boeing Earnings Beats

Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as the latter stock market bellwether attempted a late charge into …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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July 26 Market Close: GovCon Index Holds Higher Against Flat US Market Ahead of Prime Defense Earnings

Executive Mosaic’s GovCon Index traded higher Tuesday against choppy trade in the larger U.S. stock market as defense-oriented investors prepare to examine a large batch of earnings reports from major sector players due Wednesday. The GovCon Index notched a gain of 0.473 points to 82.151 and eight of the GCI’s 11 S&P 500-listed companies closed …

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Rockwell Collins Narrows 2016 Outlook, Posts 3Q Earnings Beat With 5% Govt Segment Sales Increase

Rockwell Collins (NYSE: COL) has narrowed full-year earnings and revenue guidance for its 2016 fiscal year as the avionics maker expects declines in production rates of commercial airplanes such as the Airbus A330 and business jets to impact sales in the commercial systems segment. Cedar Rapids, Iowa-based Rockwell Collins now anticipates earnings for …

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