New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 27, 2014
12:18 EDTKEYW, SAIC, LDOSLeidos tumbles after COO departure, weaker than expected guidance
Shares of IT-services firm Leidos (LDOS) are falling after the company announced the departure of its COO, and forecast weaker than expected fiscal 2015 results. WHAT'S NEW: This morning, Leidos reported fourth quarter earnings per share of 56c and revenue of $1.3B, compared to expectations of 45c and $1.27B, respectively. WHAT'S NOTABLE: In September of last year, the company, which used to be called SAIC, changed it name to Leidos Holdings, after it spun off its government services business. That business kept the SAIC name. This morning, Leidos announced that its COO, Stu Shea, will leave the company effective April 6. This was a mutual decision reached by Shea, CEO John Jumper, and the Leidos board. John Jumper said, "In our fourth quarter, we continued to encounter headwinds from sequestration, unclear funding on awarded programs, delayed award decisions, high levels of protest activity, and continued commercial health and engineering revenue declines." The company also forecast FY15 EPS of $2.35-$2.55 and revenue of $4.9B-$5.1B, compared to consensus of $2.85 and $5.46B, respectively. PRICE ACTION: In early afternoon trading, Leidos tumbled $6.73, or about 15.6%, to $36.41 on more than twice its average daily trading volume. The stock is down over 16% since the spin-off in September. OTHERS TO WATCH: Other companies in the IT-services space include SAIC (SAIC) and KEYW Holding (KEYW).
News For LDOS;SAIC;KEYW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 20, 2015
16:16 EDTKEYWKEYW receives contract option exercise for airborne collection services
The KEYW Corporation, a wholly owned subsidiary of The KEYW Holding Corporation, announced that it has received the Option Period 1 exercise on its multi-year airborne collection services contract. As planned, the $17.6M option covers a five-month period of performance from April 1 to August 26 and was exercised in accordance with the original $114M total value contract awarded on December 18, 2013. Two additional option periods remain on the contract, which runs through September 29, 2016.
07:55 EDTSAICToyota Motor North America awards SAIC contract
Subscribe for More Information
April 15, 2015
09:08 EDTLDOSOn The Fly: Pre-market Movers
Subscribe for More Information
07:52 EDTLDOSLeidos awarded U.S. Army contract with total ceiling of $7.2B
Subscribe for More Information
April 7, 2015
17:53 EDTSAICSAIC awarded $157.5M government contract
Science Applications International Corporation, Fairfield, New Jersey, has been awarded a maximum $157.5M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for maintenance, repair and operation, supplies and related services for South-central region, zone two. Estimated value cited is based on demand quantities for the life of the contract. This contract was a competitive acquisition, and 10 offers were received. This is a five-year base contract with no option periods. Location of performance is New Jersey, with an April 6, 2020 performance completion date. Using military services are Army, Navy, Air Force, Marine Corps and federal civilian agencies.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use