Amentum Stock Drops on Expected Winding Down of Government Programs

Key TakeawaysShares of Amentum Holdings sank Tuesday when executives said in the company's earnings call that they see fiscal 2025 growth being affected by an expected winding down of certain government programs.The government technology provider swung to a fourth-quarter profit from a loss a year ago, and revenue rose.Amentum began trading after being spun off from engineering and construction firm Jacobs Solutions earlier this year. Amentum Holdings (AMTM) swung to a fourth-quarter profit but shares sank ...