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ManTech meets 4Q profit forecasts

FAIRFAX, Va. (AP) _ ManTech International Corp. (MANT) on Wednesday reported fourth-quarter net income of $13.7 million.

The Fairfax, Virginia-based company said it had net income of 35 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The defense contractor posted revenue of $394.2 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $398.9 million.

For the year, the company reported profit of $56.4 million, or $1.47 per share. Revenue was reported as $1.6 billion.

ManTech expects full-year earnings to be $1.42 to $1.51 per share, with revenue in the range of $1.63 billion to $1.7 billion.

ManTech shares have fallen 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.94, a rise of 42 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 MANT at https://www.zacks.com/ap/MANT


Keywords: ManTech International, Earnings Report