L3 Technologies, Inc. is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.
However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.
Coming to the earnings surprises history, L3 Technologies has reported positive earnings surprises in the last four quarters with an average beat of 10.38%.
Zacks Rank
Currently, L3 Technologies has a Zacks Rank #3 (Hold), but that could change following L3 Technologies’ first quarter 2019 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
Our consensus called for first quarter EPS of $2.52, and the company reported adjusted EPS from continuing operations of $2.89.
Revenue Beat
The company posted revenues of $2.70 billion in first quarter, compared to our consensus estimate of $2.52 billion.
Key Developments to Note
Funded orders in the first quarter totaled $3.38 billion, reflecting a 28% surge from the year-ago quarter. Operating margin expanded 90 basis points (bps) to 11.5% in the reported quarter.
L3 Technologies now expects to generate net sales of $10.90 billion in 2019, compared to earlier outlook of $10.75 billion.
Stock Price: Following the earnings release, there was no significant change in L3 Technologies’ share price in the pre-market trading session.
Check back later for our full write up on this L3 Technologies earnings report later!
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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L3 Technologies (LLL) Q1 Earnings & Sales Top Estimates
L3 Technologies, Inc. is a leading supplier of a broad range of products and services used in a number of aerospace and defense platforms. The company is focused on consolidating its operations through acquisitions to improve its competitiveness. A robust financial position allows the company to continue with its acquisitions and create shareholder value at the same time.
However, the company has been witnessing weak performance in some of its product lines. The most worrying aspect of this is the downward trend in margins for service-related work due to competitive pressure.
Coming to the earnings surprises history, L3 Technologies has reported positive earnings surprises in the last four quarters with an average beat of 10.38%.
L3 Technologies Inc. Price and EPS Surprise
L3 Technologies Inc. Price and EPS Surprise | L3 Technologies Inc. Quote
Zacks Rank
Currently, L3 Technologies has a Zacks Rank #3 (Hold), but that could change following L3 Technologies’ first quarter 2019 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
Our consensus called for first quarter EPS of $2.52, and the company reported adjusted EPS from continuing operations of $2.89.
Revenue Beat
The company posted revenues of $2.70 billion in first quarter, compared to our consensus estimate of $2.52 billion.
Key Developments to Note
Funded orders in the first quarter totaled $3.38 billion, reflecting a 28% surge from the year-ago quarter. Operating margin expanded 90 basis points (bps) to 11.5% in the reported quarter.
L3 Technologies now expects to generate net sales of $10.90 billion in 2019, compared to earlier outlook of $10.75 billion.
Stock Price: Following the earnings release, there was no significant change in L3 Technologies’ share price in the pre-market trading session.
Check back later for our full write up on this L3 Technologies earnings report later!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>