Booz Allen Hamilton shares shed 4% after NSA leak news

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Shares of Booz Allen Hamilton Holding Corp. slid in morning trading, after the company's employee, Edward Snowden, stepped forward as the person who leaked information about secret government surveillance programs.

Related news: NSA leak source Snowden faces DOJ probe

In late morning trading, shares were down 72 cents, or 4 percent, to $17.28.

In a statement, the company said it has employed Snowden for less than three months and it is working with clients and authorities in investigating the leaks.

McLean, Va.-based Booz Allen Hamilton is a consultant to government and corporate clients. About 23 percent of its revenue, or $1.3 billion, came from U.S. intelligence agencies last year. The company has said in SEC filings that security breaches could materially hurt results.