Booz Allen falls on downgrade

Investor's Business Daily

Shares of the defense and intelligence consulting firm continued falling after Susquehanna Fin'l cut its full-year profit estimate by 7 cents to $1.40, missing analyst consensus of $1.56. Booz Allen on Tue. fired Edward Snowden, who earlier leaked details of a secret program called "Prism" under which the NSA reportedly maintained a massive database on American citizens' phone calls and emails. The leak has raised a firestorm of criticism. Booz Allen Hamilton (BAH) shares fell 3.5% to 16.54.

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