Engility Holdings Q3 Profit Tops Estimates; Boosts FY14 Earnings Outlook

(RTTNews) - Engility Holdings, Inc. (EGL) reported net income for the third quarter of $13.2 million or $0.73 per share, compared to $12.0 million or $0.68 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $16 million or $0.86 per share.

Revenue for the third quarter rose to $345.06 million from $339.30 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.60 per share on revenue of $352.71 million for the third quarter. Analysts' estimate typically exclude special items.

The company continues to expect full year 2014 revenue of $1.35 billion to $1.45 billion. The company said it now expects earnings of $2.39 - $2.59 per share and adjusted earnings of $2.90 - $3.10 per share. Previously, the company expected earnings of $2.24 - $2.44 per share and adjusted earnings of $2.70 - $2.90 per share.

Analysts currently expect the company to earn $2.29 per share on revenue of $1.41 billion for the full year 2014.