Tier 1 Contractors Exceed Expectations in Q3

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Over the past week, the major Tier 1 Defense Contractors all reported Q3 earnings per share (“EPS”) ahead of analyst expectations and raised full year 2013 EPS guidance. The widespread positive performance was one of the few bright spots amongst the contractor community in a month that was dominated by fiscal gridlock and 16 days of partial government shutdown.

Despite $37B of sequestration cuts having gone into effect and potentially impacting performance, a variety of factors enabled these companies to beat analysts’ earnings expectations for the quarter:

  • Contractors are now benefiting from the substantial SG&A cuts and productivity initiatives implemented over the …read more

    Read more here: Aronson Capital Partners

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