Booz Allen Hamilton falls after Q1 results miss

Booz Allen Hamilton Holding

26/07/2024 15:13

** Shares of U.S.-based IT services and consulting firm Booz
Allen Hamilton  BAH.N  drops to six-month low, last down 10.3%
    ** BAH set for the worst intraday pct. decline in 3.5 years,
if losses hold 
    ** BAH reports Q1 profit at $1.38/shr, missing estimates of
$1.52/shr - LSEG
    ** Co's Q1 revenue at 2.9 bln, vs estimates of 2.92 bln -
LSEG
    ** Co forecasts annual profit between 5.8-6.05/shr compared
with estimates of 6.05/shr
    ** TD Cowen says Q1 profit lagged estimates due to high
billable expenses, while all other key metrics (gross margin,
FCF, hiring, B2B) were strong
    ** Also notes "investors will likely be confused"
    ** Including session moves, stock up 8.4% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com;))