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Stock Market & Financial Investment News

News Breaks
August 1, 2014
07:25 EDTLLLL-3 Communications risk/reward favorable after sell-off, says JPMorgan
JPMorgan views the risk/reward on shares of L-3 Communications as favorable after the stock sold off 12% on the company's announcement that it is conducting an internal accounting review at Aerospace Systems. JPMorgan does not believe L3's earnings or cash flow power for future periods will be materially impacted. The firm keeps an Overweight rating on the stock and raised its price target for shares to $140 from $135.
News For LLL From The Last 14 Days
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July 30, 2015
19:43 EDTLLLL-3 Communications considers exiting head-of-state aircraft business
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14:05 EDTLLLL-3 Communications downgraded to Underperform from Buy at BofA/Merrill
07:11 EDTLLLL-3 Communications lowers FY15 EPS view to $6.70-$7.00, consensus $7.55
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07:01 EDTLLLL-3 Communications reports Q2 adjusted EPS $1.41, consensus $1.71
Reports Q2 revenue $2.7.9B, consensus $2.88B. Reports Q2 book-to-bill ratio of 1.01x. “Our second quarter results were impacted by disappointing charges in the Platform Integration division of our Aerospace Systems segment, as well as continuing headwinds from the U.S. defense budget constraints. Despite these challenges, we made progress repositioning our portfolio, investing in our core businesses and expanding our commercial aviation training solutions business through our recent acquisition of CTC Aviation Group, a higher margin business that we expect to be immediately accretive to our operating results, and also completed the sale of our MSI business,” said Michael T. Strianese, chairman, president and CEO.
July 27, 2015
17:34 EDTLLLL-3 Communications awarded $274.6M government contract
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July 22, 2015
06:56 EDTLLLContractor mergers, sales fueled by government spending cuts, Reuters says
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