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L3 Technologies: 1Q Earnings Snapshot

L3 Technologies: 1Q Earnings Snapshot

NEW YORK (AP) — L3 Technologies Inc. (LLL) on Tuesday reported first-quarter earnings of $203 million.

On a per-share basis, the New York-based company said it had profit of $2.54. Earnings, adjusted to account for discontinued operations, came to $2.34 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.

The communications and surveillance company posted revenue of $2.37 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.33 billion.

L3 expects full-year earnings to be $9.40 to $9.60 per share, with revenue in the range of $9.85 billion to $10.05 billion.

L3 shares have dropped 1 percent since the beginning of the year, while the Standard & Poor's 500 index has declined 1 percent. The stock has climbed 14 percent in the last 12 months.


Elements of this story were generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LLL at

Updated : 2021-12-08 01:30 GMT+08:00