Defense contractor Booz Allen Hamilton Holding Corp. (NYSE:BAH) stock rose on Friday after the company reported its fiscal third-quarter results.
The company reported quarterly adjusted EPS of $1.77, which topped the analyst consensus estimate of $1.29.
Quarterly sales of $2.62 billion, down by 10.2% year-on-year, missed the street view of $2.75 billion.
The backlog grew by 1.5%, reaching a record $38 billion, while the quarterly book-to-bill ratio stood at 0.3x. Revenue ex-billables declined by 6.7%.
Booz Allen …