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Tag Archives: wall street

May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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Booz Allen Posts First Revenue Jump in 3 Years for FY 2016; 2017 Guidance Shy of Street Outlook

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed in Executive Mosaic’s GovCon Index — posted a revenue increase for its 2016 fiscal year for the first time in three such periods that have seen flat or contracting sales. The McLean, Virginia-based government consulting firm said sales in March 31-to-April 1 period — its …

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Vectrus Boosts Full-Year Guidance on 1Q Earnings, Revenue Beats

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted the lower ends of its full-year earnings and revenue outlooks in part on a large contract extension given in March. The Colorado Springs-based communications services contractor now expects earnings of at least $2.02 per share compared to …

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AECOM 2Q Revenue Below Street Forecast on Energy Market Downturn, Earnings Top Analyst Outlook

AECOM Technology (NYSE: ACM) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported second quarter revenue below Wall Street’s forecasts on a downturn in construction sales to energy sector customers as earnings topped analyst expectations. The Los Angeles-based engineering and construction contractor said revenue for the January-March period …

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May 6 Market Close: GovCon Index Boosted by Engility & ICF 1Q Beats, Huntington Ingalls Extends Gain Stretch

The GovCon Index rode the wave of buying activity in U.S. financial markets Friday and closed up 0.634 points to 7.206, which put the GCI at a weekly gain of 0.845 points to start May after a series of earnings reports from contractors that exceeded analyst expectations. Shipbuilder Huntington Ingalls Industries (NYSE: HII) extended its win …

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Weekly Roundup May 2 – May 6 2016: Defense Earnings Season Rolls On & More

May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what …

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Lynn Dugle: Engility Shifts to Organic Growth Focus, Seeks $5B in New Bids

Engility Holdings (NYSE: EGL) expects to start seeing some organic sales growth in the second half of this year as the company has finished the integration of fellow government services contractor TASC one year out from that acquisition’s closure, CEO Lynn Dugle told investors Thursday. Chantilly, Virginia-based Engility has nearly $3.5 billion …

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GovCon Wire Editor Ross Wilkers Discusses Defense 1Q Earnings Season on ‘National Defense Week’ Radio Program

TYSONS CORNER, VA May 3, 2016 — Ross Wilkers, lead journalist for GovCon Wire and online editor for Executive Mosaic media properties,  was interviewed for a radio segment scheduled to air Sunday morning on first quarter earnings reports from U.S. defense contractors and Wall Street’s current perceptions of the sector. Washington-based WMAL in March …

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Engility Tops Street’s 1Q Earnings & Revenue Outlooks; ICF Profit Meets Street Forecast With Sales Beat

Engility Holdings (NYSE: EGL) and ICF International (NASDAQ: ICFI) — both listed in Executive Mosaic’s GovCon Index reported first quarter earnings and revenue figures after U.S. financial markets closed Thursday that either exceeded or met the consensus analyst forecast for both figures. Chantilly, Virginia-based services contractor Engility said first quarter …

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Orbital ATK 1Q Earnings Meet Street Outlook, Miss on Revenue; Huntington Ingalls 1Q & Maximus 2Q Results Top Analyst Estimates

Three companies listed in Executive Mosaic’s GovCon Index reported quarterly financial results before U.S. financial markets opened Thursday with one in-line against analyst expectations for earnings per share and below on revenue and the other two contractors above Wall Street’s outlook for both figures. Dulles, Virginia-based space vehicle manufacturer Orbital ATK (NYSE: …

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