BofA/Merrill Lynch Upgrades L-3 Communications (LLL) to Buy

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Go back to BofA/Merrill Lynch Upgrades L-3 Communications (LLL) to Buy

L-3 Announces Fourth Quarter 2015 Results

January 28, 2016 6:55 AM EST

Agreement to sell National Security Solutions (presented as discontinued operations) Net sales of $2.9 billion Adjusted diluted earnings per share (EPS) from continuing operations(1) of $2.16; Diluted loss per share from continuing operations of $0.76 Goodwill impairment charges of $2.93 per diluted share, primarily for Logistics Solutions Net cash from operating activities from continuing operations of $465 million Funded orders of $2.6 billion, funded backlog of $8.4 billion Updated 2016 financial guidance... More