L-3 Communication Earnings: Stock Battling Back After Investors Digest

S&P 500 (NYSE:SPY) component L-3 Communication Holdings Inc. (NYSE:LLL) reported its results for the first quarter. L-3 Communications Holdings Inc. is a system contractor in aircraft modernization and maintenance, serving customers in commercial telecommunications and government.

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L three Communication Holdings Earnings Cheat Sheet for the First Quarter

Results: Net income for L-3 Communication Holdings Inc. fell to $204 million ($1.85/share) vs. $221 million ($1.87/share) a year earlier. A decline of 7.7% from the year earlier quarter.

Revenue: Fell 0.6% to $3.6 billion YoY.

Actual vs. Wall St. Expectations: LLL beat the mean analyst estimate of $1.82/share. Estimates ranged from $1.73 per share to $1.88 per share.

Quoting Management: “L-3’s strong overall program performance provides a good start to the year despite challenging market conditions during the first quarter, particularly in services,” said Michael T. Strianese, chairman, president and chief executive officer. “We continue to focus on operational program performance, developing innovative products, and managing our costs.”

Key Stats:

Net income has increased 3.6% year over year on average across the last five quarters. The biggest gain came in the fourth of the last fiscal year, when income climbed 18.1% from the year earlier quarter.

Over the last five quarters, revenue has increased 0.2% on average year over year. The biggest increase came in the fourth quarter of the last fiscal year, when revenue rose 1.1% from the year earlier quarter.

Competitors to Watch: Lockheed Martin Corporation (NYSE:LMT), Northrop Grumman (NYSE:NOC), Boeing Company (NYSE:BA), ITT Corporation (NYSE:ITT), FLIR Systems (NASDAQ:FLIR), General Dynamics (NYSE:GD), and Raytheon Co. (NYSE:RTN).

Today’s Performance: Shares of LLL are trading at $76.89 as of April 21, 2011 at 2:11 PM ET, down 0.08% from the previous close.

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