Tag Archives: revenue

Maximus Cuts Revenue Outlook on UK Pound Headwinds, Lifts FY 2016 Earnings Guidance on 3Q Beat

Maximus (NYSE: MMS) cut its revenue forecast for the government health and human services contractor’s 2016 fiscal year ending September 30 on an expectation of continued weakening in the U.K.’s pound since Britain’s June 23 vote to leave the European Union. Reston, Virginia-based Maximus now expects sales in the $2.37 billion-$2.4 billion range from …

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Huntington Ingalls Tops Street’s 2Q Earnings Forecast

Huntington Ingalls Industries (NYSE: HII) exceeded the consensus analyst outlook for earnings per share in its second quarter financial statement released before U.S. financial markets opened Thursday with revenue down on lower volume on aircraft carrier and submarine activity. Military shipbuilder and GovCon Index-listed company Huntington Ingalls reported second quarter earnings at $2.80 per share …

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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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ICF Posts 2Q Earnings Beat; Boosts Federal Revenue Outlook on 8% Sales Increase

ICF International (Nasdaq: ICFI) reported second quarter earnings and revenue above the consensus analyst estimate Tuesday on year-over-year growth in U.S. federal government sales as the company also lifted guidance on full-year results for that market. Fairfax, Virginia-based consulting and technical services provider ICF said earnings for the April-June period came …

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Harris FY 2017 Guidance Below Street Estimate, 4Q Swings to Profit as Radio Maker Inks Board Appointment Pact With Jana Partners

Harris Corp.’s (NYSE: HRS) guidance for its 2017 fiscal year started July 4 came in below Wall Street’s consensus forecast before markets opened Tuesday as the communications technology contractor anticipates pressure in its tactical and maritime energy businesses to continue. Melbourne, Florida-based military radio maker Harris cited global oil price declines …

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Engility Raises Full-Year Earnings Forecast on 2Q Beat

Engility Holdings (NYSE: EGL) lifted its full-year earnings outlook Monday in part on higher total contract bookings and bill-to-book ratio for the second quarter as the company continues on efforts to prioritize debt repayments. Chantilly, Virginia-based government services contractor Engility said it expects earnings of $1.18-$1.33 per share for its fiscal year compared to the original $1.00-$1.15  outlook …

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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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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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