Shares of Booz Allen Hamilton Holding Corp. (BAH) sank in premarket trading Friday after the consulting firm and government contractor issued a soft fiscal 2026 outlook and announced layoffs amid federal cost-cutting efforts.

The McLean, Va.-based firm projected fiscal 2026 adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) between $6.൲20 and $6.55 on revenue of $12.0 billion to $12.5 billion. Analysts surveyed by Visible💦 Alpha were looking for $6.92 and $12.82 billion, respectively.

In Friday's earnings call, CEO Horacio Rozanski said the Trump administration's focus on cutting costs is impacting its contracts with civilian agencies, leading the company to "restructure and reset" its civil business, with cost reductions and layoffs "to match anticipated demand."

CFO Matt Calderone said the company expects to cut about 7% of its staff in the first quarter, "heavily concentrated" in its civil business, as the company expects its defense and intelligence segments to continue growing this year. As of March 31, Booz Allen had roughly 35,800 employees, putting the 7% layoff figure likely around 2,500 people.

For the fourth quarter, the company reported adjusted EPS of $1.61 on revenue that increased 7% yea⛄r-over-year to $2.97 billion. Analysts surveyed by Visible Alpha had projected $1.61 and $3.03 billion, respectiveꦬly.

Shares were down more than 12% about 30 minutes before the openin💜g bell. They entered the day roughly flat since the star✃t of the year.