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Engility Holdings reports 4Q loss

CHANTILLY, Va. (AP) _ Engility Holdings Inc. (EGL) on Thursday reported a fourth-quarter loss of $59.6 million, after reporting a profit in the same period a year earlier.

The Chantilly, Virginia-based company said it had a loss of $1.62 per share. Earnings, adjusted for pretax expenses, were 54 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The provider of engineering services, training and other services to the U.S. government posted revenue of $464.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $464 million.

For the year, the company reported that its loss widened to $35.2 million, or 96 cents per share. Revenue was reported as $1.93 billion.

Engility Holdings expects full-year earnings to be 81 cents to 91 cents per share, with revenue in the range of $1.83 billion to $1.91 billion.

Engility Holdings shares have dropped 3.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.37, a decrease of 15 percent in the last 12 months.


This story was 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