Why Booz Allen Hamilton Stock Is Falling Today
Defense IT contractor Booz Allen Hamilton (NYSE: BAH) delivered a quarterly beat, but its guidance was a little short of heightened expectations.
Investors are stepping away from the stock, sending shares down as much as 6% at the open and down 2.5% as of 10:30 a.m. ET.
Booz Allen Hamilton provides IT and other services primarily to military and civilian government agencies. The stock was trending higher for most of the last year on a series of strong earnings reports, but post-election uncertainty about government spending has caused a pullback since November.
Source Fool.com
