DLH Shares Drop After Contract Shakeup Leaves Market Focusing on One Metric
DLH Holdings shares fell 1.6% to $5.60 Monday despite record highs for the S&P 500 and Nasdaq. The company reported Q2 revenue of $59.3 million, down 33.5% from last year, and a net loss of $2.5 million. Investors cited contract transitions and a drop in Veterans Affairs pharmacy revenue as key concerns. Backlog fell to $442.4 million from $514.3 million in September.