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More on L-3 Communications' Q1

Apr. 30, 2015 9:10 AM ETL3 Technologies, Inc. (LLL-OLD) StockLLL-OLDBy: Yoel Minkoff, SA News Editor
  • Net income of $120M, or $1.43 per share vs. $170M, or $1.90 per share in the same quarter a year ago.
  • Revenue by segment: Electronic Systems +6.3%; Aerospace Systems -4.4%; Communication Systems -13.5%; NSS -20.1%.
  • Repurchased $100M of common stock during the quarter.
  • The company still expects full-year 2015 earnings of 7.35-$7.65 per share, but lowered its revenue guidance to $11.45B-$11.65B from $11.75B-$11.95B.
  • Q1 results

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