L-3 Technologies (LLL) Tops Q3 EPS by 15c, Miss on Revenues; Offers FY17 EPS/Revenue Guidance

L-3 Technologies (NYSE: LLL) reported Q3 EPS of $1.96, $0.15 better than the analyst estimate of $1.81. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.67 billion.

• Net sales increased 6% to $2,646 million
• Diluted earnings per share (EPS) from continuing operations of $0.29, including a goodwill impairment charge for Vertex Aerospace of $187 million, or $1.67 per diluted share
• Adjusted diluted EPS from continuing operations(1) of $1.96
• Net cash from operating activities from continuing operations of $316 million
• Book-to-bill ratio of 1.18x on funded orders of $3.1 billion
• Updated 2017 financial guidance

GUIDANCE:

L-3 Technologies sees FY2017 EPS of $8.80-$8.90, versus the consensus of $8.72. L-3 Technologies sees FY2017 revenue of $10.8-11 billion, versus the consensus of $10.96 billion.

For earnings history and earnings-related data on L-3 Technologies (LLL) click here.

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