Engility Q1 Profit Decreases; Reiterates 2014 Guidance - Quick Facts

(RTTNews) - Engility Holdings Inc. (EGL) reported that its first-quarter net income attributable to company decreased to $9 million, or $0.50 per share, from $14 million or $0.79 per share, last year. Adjusted net income was $11 million, or $0.60 per share, for the quarter. .

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

Total revenue decreased to $339 million from $362 million, prior year. Analysts expected revenue of $367.30 million for the quarter.

The company reiterated fiscal 2014 financial guidance. The company continues to expect: revenue in the range of $1.45 billion-$1.55 billion; adjusted earning sper share of $2.70-$3.20; and GAAP earnings per share of $2.24-$2.70. Analysts expect the company to report fiscal 2014 earnings per share of $2.53 on revenue of $1.51 billion.