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Stock Market & Financial Investment News

News Breaks
March 27, 2014
12:18 EDTLDOS, KEYW, SAICLeidos 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
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December 12, 2014
10:01 EDTSAIC, LDOSOn The Fly: Analyst Initiation Summary
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06:18 EDTSAICSAIC initiated with a Neutral at Citigroup
Target $53.
06:17 EDTLDOSLeidos initiated with a Buy at Citigroup
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December 11, 2014
16:13 EDTLDOSLeidos awarded $!1M contract by U.S. Army
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07:52 EDTLDOSLeidos awarded $37M contract by U.S. Army
Leidos was awarded a prime contract by U.S. Army Space and Missile Defense Command/Army Forces Strategic Command and support of the U.S. Army Aviation and Missile Research Development and Engineering Center effort. The single-award firm-fixed-price, level-of-effort has a one-year based period of performance and a total contract value of approximately $37M.
December 10, 2014
13:45 EDTKEYWKEYW management to meet with SunTrust
Meetings to be held on the West Coast December 15-18 hosted by SunTrust.
09:48 EDTKEYWHexic Cyber Solutions announce strategic distribution alliance with Promark
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08:40 EDTSAICSAIC price target raised to $56 from $51 at Cowen
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December 9, 2014
07:01 EDTSAICSAIC reports Q3 EPS 77c, consensus 74c
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December 8, 2014
15:20 EDTSAICNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include AutoZone(AZO), consensus $7.16; HD Supply (HDS), consensus 53c; Burlington Stores (BURL), consensus 12c; Science Applications International (SAIC), consensus 74c; UTi Worldwide (UTIW), consensus 6c; The Pantry (PTRY), consensus 46c; Pep Boys (PBY), consensus 12c.

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