L-3 Communications (LLL) Tops Q4 EPS by 27c; Raises Outlook

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L3 Announces Fourth Quarter 2016 Results

January 26, 2017 6:55 AM EST

Diluted earnings per share (EPS) from continuing operations of $2.38 Net sales increased 4% to $3.0 billion Net cash from operating activities from continuing operations increased 8% to $511 million Book-to-bill ratio of 1.20x on funded orders of $3.6 billion, increasing funded backlog 6% to $8.9 billion Increased 2017 financial guidance

NEW YORK--(BUSINESS WIRE)-- L3 Technologies, Inc. (NYSE: LLL) today reported diluted EPS from continuing operations of $2.38 for the quarter ended December 31, 2016 (2016 fourth quarter) compared to diluted... More