CHANTILLY, Va. — In a story November 2 about Engility Holdings Inc.’s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the company’s earnings missed analyst estimates. Excluding one-time items, Engility earned 62 cents per share on an adjusted basis, beating the average analyst estimate of 54 cents per share.
A corrected version of the story is below:
Engility Holdings beats Street 3Q forecasts
Engility Holdings posts 3Q profit, results beat Wall Street forecasts
CHANTILLY, Va. — Engility Holdings Inc. (EGL) on Thursday reported third-quarter net income of $9.8 million, after reporting a loss in the same period a year earlier.
The Chantilly, Virginia-based company said it had profit of 26 cents per share. Earnings, adjusted for one-time items, were 62 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The provider of engineering services, training and other services to the U.S. government posted revenue of $487.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $496.4 million.
Engility Holdings expects full-year earnings to be 75 cents to 85 cents per share, with revenue in the range of $1.92 billion to $1.94 billion.
Engility Holdings shares have increased slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.79, a climb of 18 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGL at https://www.zacks.com/ap/EGL