Similar Stories to Exelis 4q Net Income Rises 34 Pct, Beats Estimates on Bing News

NewsOK.com RSS - business, Daily Oklahoman: Business
Fri, 03/01/2013 - 9:10am

CLIFTON, N.J. (AP) — Exelis Inc., the former defense unit of manufacturer ITT Corp., said Friday that its fourth-quarter net income jumped 34 percent, as cost cuts and better efficiency offset a drop in revenue. The results beat Wall Street expectations, and its shares rose more than 5 percent in midday trading. Exelis said that while it's aware that 2013 will be a tough year for the defense industry, it's proactively restructuring its operations, boosting efficiency and looking for new commercial and international customers to help offset the uncertainty. Exelis earned $86 million, or 45 cents per share, up from $64 million, or 34 cents per share, in the same quarter last year.Read more on NewsOK.com

Topics: clifton n.j ap exelis inc itt corp wall street newsok exelis exelis net income cents defense offset share million efficiency percent

Place your ad here
Loading...

BING NEWS:

REV Group Q2 Net Income Rises; Updates FY24 Outlook
REV Group (REVG) reported second quarter net income of $15.2 million, or $0.28 per share, compared to $14.2 million, or $0.24 per ...
06/5/2024 - 2:34 am | View Link
C3.ai 4Q Revenue Beats Expectations, Issues 1Q, FY25 Guidance
By Denny Jacob C3.ai posted better-than-expected revenue in its latest quarter and guided for further growth, indicating demand for artificial ...
05/29/2024 - 9:23 am | View Link
Scotiabank beats profit estimates on wealth management, capital market strength
Bank of Nova Scotia on Tuesday reported better than expected quarterly earnings, boosted by rises in brokerage revenue in Canada and mutual fund fees overseas and by higher capital markets income.
05/28/2024 - 2:16 am | View Link
More

More Movie News

More Business News

St. Charles real estate firm buys vacation rental business
BizJournals, Saturday - 06/15/2024 - 01:00 PM
St. Charles-based Lage Real Estate Management has acquired Sarah Bernard Vacation Rentals, which specializes in managing short-term rental properties in Innsbrook, Missouri.
More | Talk | Read It Later | Share
I'm not a crafty parent and used to dread summer. I learned 5 easy ways to keep my kids entertained when school is out.
Business Insider, Saturday - 06/15/2024 - 10:58 AM
FreshSplash / Getty ImagesKate Bast is a mom of two and an influencer. She says simple crafts and repurposing items you already have can keep kids entertained. Here she shares her favorite ways to keep kids busy during the summer. This as-told-to essay is based on a conversation with Kate Bast.
More | Talk | Read It Later | Share
If Google is doubling down on risky AI features, experts say it needs to be clear about what can go wrong
Business Insider, Saturday - 06/15/2024 - 10:34 AM
Liz Reid is Google's VP of Search reportedly told employees they shouldn't let risk keep them from launching AI features. Anadolu/GettyGoogle made headlines with some of its inaccurate AI Overviews and AI-generated images. Google's VP of Search reportedly said at a meeting that it shouldn't stop taking risks because of mistakes.
More | Talk | Read It Later | Share
Sun Devils football coach Kenny Dillingham takes his NIL quest to the Valley business community
BizJournals, Saturday - 06/15/2024 - 10:30 AM
Kenny Dillingham, the head coach of the Arizona State University football team, is appealing directly to the business community to line up more name, image and likeness (NIL) deals for his players.
More | Talk | Read It Later | Share
Miley Cyrus has addressed the complicated relationship with her dad, Billy Ray Cyrus— here's what to know about the rumore
Business Insider, Saturday - 06/15/2024 - 10:22 AM
Fans think there's a divide in the Cyrus family. David Crotty/Patrick McMullan via Getty Images, Chris Polk/BBMA2017/Getty Images for DCP Fans think there's a divide in the Cyrus family following Tish and Billy Ray Cyrus' separation. Noah and Braison Cyrus didn't attend Tish's wedding to Dominic Purcell in August 2023. At the 2024 Grammys, Miley only thanked her mom and sister in her acceptance speech. Amid rumors of an ongoing family rift, Miley Cyrus has addressed the state of her relationship with her parents, Billy Ray and Tish Cyrus.
More | Talk | Read It Later | Share
I stayed at an all-inclusive Margaritaville for $350 a night. I left convinced it's the best resort in Mexico — and I'm no
Business Insider, Saturday - 06/15/2024 - 09:47 AM
There are plenty of references to the late Jimmy Buffett throughout the resort. Simone PagetI'm not really a Jimmy Buffett fan, but Margaritaville Cancún is my favorite all-inclusive resort. All of the food at the resort, from breakfast to taco boats, was amazing. I surprisingly loved the kitschy decor, and the atmosphere was relaxed and fun.
More | Talk | Read It Later | Share

Similar Stories to Exelis 4q Net Income Rises 34 Pct, Beats Estimates on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News