ADVFN - Advanced Financial Network.
HOME» NYSE » L » LLL Stock Price » LLL Stock News

L3 Comm Share News

 L-3 Communications Holdings, Inc. Stock Price
LLL Stock Price
 L-3 Communications Holdings, Inc. Stock Chart
LLL Stock Chart
 L-3 Communications Holdings, Inc. Stock News
LLL Stock News
 L-3 Communications Holdings, Inc. Company Information
LLL Company Information
 L-3 Communications Holdings, Inc. Stock Trades
LLL Stock Trades

L-3 1Q Profit Climbs 11% On Higher Margins, Lifts Fiscal Year View

DOW JONES NEWSWIRES L-3 Communications Holdings Inc.'s (LLL) first-quarter profit climbed 11% as higher margins and strength in the company's C3ISR segment, although sales were down across the rest of the company's businesses. The company, which has contracts for such services as training foreign militaries and upgrading government aircraft, boosted its 2010 earnings forecast by 13 cents to $8.13 to $8.33 a share, and now sees revenue of $16.2 billion to $16.3 billion, up from $15.8 billion to $16 billion. L-3, which differs from larger rivals who rely on a few major contracts for a bulk of revenue, has said the diversity of its operations will see it through the changes in U.S. defense spending. In a sign of strength, the company in February boosted its quarterly dividend 14%. Ahead of the results, Morgan Joseph expected the company's C3ISR segment, which provides signals and communications intelligence, would drive sales. That segment's revenue ended up 11% for the quarter. But the firm also expressed concern about weak sales for the company's flight simulators and propulsion systems. L-3 posted a profit of $221 million, or $1.87 a share, up from $199 million, or $1.66 a share, a year earlier. Net sales slid 0.3% to $3.62 billion, as three of the company's four business segments reported declines. In January, the company predicted earnings of about $1.75 and revenue to be close to $3.7 billion. Operating margins widened to 11.3% from 10.3%. Funded orders as of March 26 declined 3.4% to $3.64 billion, while funded backlog was down 0.3% to $10.83 billion. Shares closed at $97.54 on Wednesday and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for L3 Comm (LLL)
DateTimeHeadline
05/20/201512:15:10What Is the S&P 500 Index?
05/13/201514:01:00L-3 to Present at the 2015 RBC Capital Markets Aerospace & Defense...
05/12/201512:07:00L-3 Awarded $81.8 Million Contract to Supply SATCOM Terminals...
05/07/201516:08:26Current Report Filing (8-k)
05/06/201516:10:13Statement of Changes in Beneficial Ownership (4)
05/06/201516:09:24Statement of Changes in Beneficial Ownership (4)
05/06/201516:09:24Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:32Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:32Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:03Statement of Changes in Beneficial Ownership (4)
05/06/201516:08:03Statement of Changes in Beneficial Ownership (4)
05/06/201516:07:11Statement of Changes in Beneficial Ownership (4)
05/06/201516:07:11Statement of Changes in Beneficial Ownership (4)
05/05/201513:20:00L-3 Declares Quarterly Dividend
04/30/201518:46:06You Can't Fly High if You Can't Sit Down
04/30/201514:51:59Quarterly Report (10-q)
04/30/201509:24:08L-3 Communications Profit Falls as Sales Decline at All Segments
04/30/201507:32:21Current Report Filing (8-k)
04/30/201506:55:00L-3 Announces First Quarter 2015 Results
04/20/201513:00:00L-3 to Broadcast First Quarter Conference Call Over the Internet

L3 Comm and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad