NEW YORK (AP) _ L-3 Communications Holdings Inc. (LLL) on Thursday reported second-quarter profit of $120 million.
The New York-based company said it had net income of $1.44 per share. Earnings, adjusted for non-recurring gains, came to $1.41 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The communications and surveillance company posted revenue of $2.79 billion in the period.
L-3 expects full-year earnings in the range of $6.70 to $7 per share, with revenue in the range of $11.45 billion to $11.65 billion.
L-3 shares have declined roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has increased 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLL at http://www.zacks.com/ap/LLL
Keywords: L-3 Communications, Earnings Report
Automated Insights, source Associated Press News