Tag Archives: interest

Cubic Cuts FY 2016 Earnings Outlook, Holds Revenue Guidance as 3Q Results Below Street Consensus

Cubic Corp. (NYSE: CUB) cut its full-year earnings outlook in fiscal third quarter financial results released Wednesday as the defense and transportation contractor expects increases to interest and financing costs on a new credit facility, tax expenses and a partial pension settlement plan in the fourth quarter. San Diego-based Cubic expects adjusted …

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March 18 Market Close: GovCon Index, US Markets Rally After Fed Statement

The GovCon Index rode across-the-board gains in U.S. stock market Wednesday with a rise of 0.714 points — or 1.016 percent — to 69.558. As many investors expected, the Federal Reserve removed the word “patient” in its guidance on the next interest rate increase but the central bank also signaled it would wait to raise …

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February 24 Market Close: GovCon Index Closes Flat, Traders Watch Fed Chair Remarks

The GovCon Index remained largely level for a second consecutive day as it rose 0.044 points to 71.008. Traders considered Federal Reserve Chair Janet Yellen’s testimony to the Senate Banking Committee, where she indicated the central bank would change its guidance before any interest rate increase, according to the Wall Street Journal. Investors …

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