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L-3 Tops Estimates, Raises Outlook – Analyst Blog
Zacks Market Commentaries (October 27th, 2009) Writes:
Before the opening bell, L-3 Communications Holdings Inc. (LLL) released strong third quarter results. In the reported quarter, the company clocked earnings per share (EPS) of $2.12, soundly beating both the Zacks Consensus Estimate of $1.85 and the year-ago quarterly EPS of $1.73.
Net sales rose 5% to $3.8 billion in the reported quarter from $3.7 billion in the year-ago quarter. The upside came mainly from the Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) and Aircraft Modernization and Maintenance (AM&M) segments. However, these were partially offset by decrease in the Government Services and Specialized Products segments sales year-over-year.
C3ISR segment sales rose 21% year-over-year primarily due to increased demand and new business from the U.S. Department of Defense (DoD) for airborne ISR and networked communication systems for manned and unmanned platforms. AM&M sales increased 17% due to higher revenues from systems field support services, Special ...
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Analyst, aviation products, cent;, Combat Propulsion Systems, communications, Control, control systems, Intelligence, Investing Lessons, L-3, L-3 Communications Holdings Inc., linguist, linguist services, networked communication systems, Reconnaissance, simulation, software engineering, Stocks to Watch, Surveillance, U.S. Department of Defense, U.S. government;, United States Army, USD, Zacks Market Commentaries
Analyst, aviation products, cent;, Combat Propulsion Systems, communications, Control, control systems, Intelligence, Investing Lessons, L-3, L-3 Communications Holdings Inc., linguist, linguist services, networked communication systems, Reconnaissance, simulation, software engineering, Stocks to Watch, Surveillance, U.S. Department of Defense, U.S. government;, United States Army, USD, Zacks Market Commentaries
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