• Most Popular
  • Most Shared

DynCorp shares jump on Q4 results

Thu Jun 4, 2009 10:42am EDT

Stocks

   

(Reuters) - Shares of DynCorp International Inc (DCP.N) rose as much as 20 percent, a day after the defense contractor posted better-than-expected quarterly profit, driven mainly by revenue growth from a contract to provide linguistic services to the defense department.

The company's majority-owned venture Global Linguist Solutions was awarded a linguist and translation services contract by the Army, last February.

It also forecast 2010 revenue above analysts' estimates.

DynCorp shares rose 15 percent to $16.87 in morning trade after touching a high of $17.54 on the New York Stock Exchange.

(Reporting by Dhanya Ann Thoppil; Editing by Jarshad Kakkrakandy in Bangalore)


More from Reuters

Photo

Northeast digs out of monster snowstorm

NEW YORK (Reuters) - The Northeast began digging out on Sunday from a massive snowstorm that buried cities from Washington to Boston under as much as 2 feet of snow, creating travel chaos and hampering Christmas shopping. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review