ManTech Results Miss Estimates

(RTTNews) - ManTech International Corp (MANT), a provider of technologies for mission-critical national security programs, on Wednesday reported fourth-quarter net earnings of $14.5 million or $0.39 per share. This compares with a loss of $65.6 million or $1.77 per share last year, when it incurred impairment charges of over $118 million.

Revenues for the quarter were $411.4 million compared with $491.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.39 per share on revenues of $437.3 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects earnings of $1.54 per share on revenues of $1.73 billion. Analysts expect earnings of $1.52 per share on revenues of $1.80 billion.

"2015 should bring improved financial success and growth," said CEO George Pedersen. "The budget outlook is much brighter, and award activity is slowly returning to normal."

ManTech has declared cash dividend of $0.21 per share.