Vectrus Announces Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- Wall St subdued as markets pause after S&P record high; data, Mideast in focus
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Vectrus, Inc. (VEC) Misses Q2 EPS by 44c, Revenues Beat; Lowers FY20 EPS/Revenue Guidance Below Consensus
August 11, 2020 4:11 PM EDTVectrus, Inc. (NYSE: VEC) reported Q2 EPS of $0.24, $0.44 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $336.1 million versus the consensus estimate of $335.28 million.
"Second quarter results demonstrated solid top line performance, strong new business awards, and favorable cash flow generation despite the impact of COVID-19. Margin and EPS were adversely impacted by one-time closeouts and a contract adjustment to a European program," said Chuck Prow, president and chief executive officer. "The company is working with the client to resolve this issue prior to the next option period in... More
