BofA/Merrill Lynch Downgrades L-3 Communications (LLL) to Underperform
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L-3 Announces Second Quarter 2015 Results
July 30, 2015 6:59 AM EDTDiluted earnings per share (EPS) of $1.44; Adjusted diluted EPS(1) of $1.41 Results impacted by $0.77 per diluted share for pre-tax charges of $103 million for contract cost growth at Platform Integration division of Aerospace Systems segment (primarily head-of-state aircraft modifications), partially offset by $0.43 per diluted share of income tax benefits Net sales of $2.8 billion Net cash from operating activities of $227 million Book-to-bill ratio of 1.01x Updated 2015 financial guidance
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