By Rob Curran
Shares of Amentum Holdings fell sharply premarket after the provider of services to NASA, the Pentagon and other government agencies said revenue fell more than anticipated in the latest quarter.
Late Monday, the Chantilly, Va., government contractor posted earnings of $44 million, or 18 cents a share, for the quarter ended Jan. 2, up from $12 million, or 5 cents a share, a year earlier, and ahead of the average Wall Street target of 17 cents a share.
Stripping out certain one-time items, Amentum logged adjusted earnings of 54 cents a share, also topping Wall Street estimates of 52 cents a share, according to FactSet.
The earnings growth in part reflected lower costs and expenses.
Amentum, whose services range from spacecraft design to management of nuclear waste, posted revenue of $3.24 billion, down 5.2% from a year earlier and shy of the average analyst target of $3.32 billion.
Amentum reiterated its forecast for adjusted earnings in the fiscal year ending in September to a range between $2.25 and $2.45 a share on revenue between $13.95 billion and $14.3 billion. Analysts, on average, had targeted adjusted earnings of $2.40 a share.
Shares fell 9.7% to $33.06 premarket.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 10, 2026 07:33 ET (12:33 GMT)
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