L-3 Technologies (LLL) Tops Q1 EPS by 33c; Lifts FY18 EPS Outlook

L-3 Technologies (NYSE: LLL) reported Q1 EPS of $2.34, $0.33 better than the analyst estimate of $2.01. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.32 billion.

“We had a solid first quarter, highlighted by increases in operating income and margins, organic sales and our book-to-bill ratio. The growing metrics reflect our progress in building a more efficient and integrated L3,” said Christopher E. Kubasik, L3’s Chief Executive Officer and President. “There is a new level of energy and employee engagement across our operations, along with a steadfast commitment to continuous improvement. We are becoming more data-driven and customer-centric every day and are intensely focused on delivering value through affordable innovation for our customers.”

GUIDANCE:

L-3 Technologies sees FY2018 EPS of $9.40-$9.60, versus $9.30-$9.50 prior and consensus of $9.58. L-3 Technologies maintains FY2018 revenue of $9.85-10.5 billion, versus the consensus of $9.98 billion.

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

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Oceanfirst Financial (OCFC) Tops Q1 EPS by 3c
• Provident Financial Services (PFS) Tops Q1 EPS by 3c