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Why Government And Military Contractor Booz Allen Hamilton Stock Is Trading Lower Today?

Booz Allen Hamilton Holding Corp (NYSE:BAH) reported fiscal first-quarter adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52. The stock price dropped after the print. Quarterly sales of $2.94 billion beat the street view of $2.93 billion. The total backlog grew by 15.7%, reaching $36.2 billion, while the quarterly book-to-bill ratio stood at 1.72x. During the quarter, the company achieved double-digit organic revenue growth, increased quarterly backlog, and revealed expansion in headcount. Booz Allen recorded a quarterly ...