L-3 Communications Holdings (NYS: LLL) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 28 (Q3), L-3 Communications Holdings beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Margins contracted across the board.
L-3 Communications Holdings logged revenue of $3.28 billion. The 13 analysts polled by S&P Capital IQ foresaw sales of $3.25 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $3.79 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.94. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.86 per share. GAAP EPS of $1.97 for Q3 were 12% lower than the prior-year quarter's $2.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 10.1%, 60 basis points worse than the prior-year quarter. Operating margin was 10.1%, 60 basis points worse than the prior-year quarter. Net margin was 5.8%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.49 billion. On the bottom line, the average EPS estimate is $2.18.
Next year's average estimate for revenue is $13.05 billion. The average EPS estimate is $7.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 896 members out of 932 rating the stock outperform, and 36 members rating it underperform. Among 224 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 216 give L-3 Communications Holdings a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on L-3 Communications Holdings is hold, with an average price target of $75.00.
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The article L-3 Communications Holdings Beats on Both Top and Bottom Lines originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of L-3 Communications Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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