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L3 Technologies Tops Q4 Earnings & Sales Estimates

L3 Technologies, Inc.LLL is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.

However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.

Coming to the earnings surprises history, L3 Technologies has reported positive earnings surprises in the last four quarters with an average beat of 13.65%.

Zacks Rank

Currently, L3 Technologies has a Zacks Rank #3 (Hold), but that could change following L3 Technologies' fourth quarter and full year 2016 earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings Beat

Our consensus called for fourth quarter EPS of $2.38, and the company reported adjusted EPS of $2.12.

L-3 Communications Holdings, Inc. Price and EPS Surprise

L-3 Communications Holdings, Inc. Price and EPS Surprise | L-3 Communications Holdings, Inc. Quote

Revenue Beat

The company posted revenues of $2.99 billion in fourth quarter, compared to our consensus estimate of $2.77 billion.

Key Developments to Note

The company reported a 40% year over year increase in its funded orders in the fourth quarter to $3.6 billion. Funded orders for 2016 increased 11% to $11 billion.

The company now expects its earnings guidance to the range of $8.40−$8.60 per share (versus its prior guided range of $8.15−$8.35 per share) with revenues of $10,625 −$10,825 million (versus its prior guided range of $10,475 −$10,675 billion) for 2017.

Stock Price: Following the earnings release, there was no significant change in L3 Technologies' share price in the pre-market trading session.

Check back later for our full write up on this L3 Technologies earnings report later!

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L-3 Communications Holdings, Inc. (LLL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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