Defense contractor ITT Exelis Inc (NYSE:XLS) reported improved-than-anticipated quarterly results, helped by strong revenue at its information and technical services segment.
ITT Exelis the defense business that ITT Corporation (NYSE:ITT) spun off in October as part of that firm’s 3 way split maintained its full-year 2012 outlook, and reported it secured new international orders and complete several service contracts.
For the Q1, information and technical services revenue surged 16% to $768 million as several large service contracts reached full operational phase.
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Exelis Inc (NYSE:XLS) stock in last session held volume of 2.45 million shares as compare to its average volume of 1.19 million shares. The stock after opening at $11.81 hit high price of $12.32 and then closed at $11.81 by scoring +1.03%.
As the revenue measures XLS generated revenue of 5.92 billion in the following twelve months income of $314.00 million. The Company showed a positive 5.31% in the net profit margin and in addition to in its operating margin which remained 9.45%.
The stock showed weekly downbeat performance of -1.17% which was maintained for the month at -3.43%. Likewise the positive performance for the quarter was recorded as 17.51% and YTD performance remained at 31.66%.
The XLS past twelve months price to sales ratio was 0.37 and price to cash ratio remained 10.59. As far as the returns are concern, the XLS return on equity, return on investment and return on asset stayed at flat.
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