L-3 Communications Raises 2016 EPS Guidance - Quick Facts

(RTTNews) - L-3 Communications Holdings, Inc. (LLL) announced, for 2016, the company expects its earnings per share to be in the range of $7.40 to $7.60, up from prior guidance range of $6.90 to $7.10. The company continues to expect net sales in the range of $9.95 to $10.15 billion.

Analysts expect the company to report earnings per share of $7.25 on revenue of $10.63 billion. Analysts' estimates typically exclude special items.

For the year ended December 31, 2015, consolidated net sales of $10.5 billion decreased 5%, compared to the year ended December 31, 2014. Organic sales declined 3%. Adjusted EPS from continuing operations decreased 4% to $6.91.