Notable Earnings: L-3 (LLL), Boeing (BA), Garmin (GRMN), Nasdaq (NDAQ)

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L-3 Communications Holdings Inc. (LLL) on Wednesday reported its first quarter 2016 earnings results.

The communications and surveillance firm posted earnings of $2.08 per share on revenues of $2.35 billion, down 5.4% from a year ago. Analysts were expecting EPS of $1.58 on revenues of $2.35 billion.

L-3 said it expects full FY 2016 EPS to be between $7.55-$7.75 per share, with revenue in the range of $9.95 billion-$10.15 billion.

Boeing (BA) dropped $1.14 to $132.10 in pre-market trading on Wednesday after it reported fiscal-first quarter earnings.

The world’s largest plane maker handed in earnings of $1.74 per share on revenue of $22.63 billion, missing Wall Street estimates of $1.84 per share on revenue of $21.50 billion. Boeing said commercial aircraft deliveries fell 4.3% to 176.

BA stock currently prints a one year loss of 7.28% and a year-to-date loss of around 7.00%.

Garmin Ltd. (GRMN) released its first-quarter earnings results on Wednesday. The maker of personal navigation devices reported Q1’16 EPS of $0.49 per share vs. $0.42 consensus on $624 million in revenue, up 6.6% from a year ago and against projections of $586.43 million.

For FY2016, Garmin provided EPS guidance of $2.25 versus consensus of $2.26 per share. The Schaffhausen, Switzerland-based company also issued revenue projection of $2.82 billion, compared to the consensus revenue estimate of $2.81 billion.

Nasdaq, Inc. (NDAQ) on Wednesday reported fiscal results for the first quarter.

In its quarterly report, the New York-based exchange operator said it earned $0.91 per share, above the $0.89 per share analysts were expecting. Revenue rose 5.3% YoY to $534 million, but below views for $535.83 million.

On valuation measures, Nasdaq Inc. shares trade at a trailing-12 P/E of 25.76, a forward P/E of 15.30 and a P/E to growth ratio of 1.70. The median Street price target on the name is $68.00 with a high target of $75.00.

Currently ticker boasts 7 ‘Buy’ endorsements, compared to 9 ‘Holds’ and no ‘Sell’.

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