{"id":77617,"date":"2014-05-07T17:25:09","date_gmt":"2014-05-07T09:25:09","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/exelis-reports-first-quarter-2014-earnings\/"},"modified":"2014-05-07T17:25:09","modified_gmt":"2014-05-07T09:25:09","slug":"exelis-reports-first-quarter-2014-earnings","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/exelis-reports-first-quarter-2014-earnings\/","title":{"rendered":"Exelis Reports First Quarter 2014 Earnings"},"content":{"rendered":"<\/p>\n<p>[Via Satellite 05-07-2014] <b>Exelis<\/b> reported its earnings from the first quarter of 2014, with revenue reaching $1 billion for the aerospace, defense and information services company. The first quarter 2014 revenue represents a 12 percent decrease compared to the respective period for 2013. First quarter net income amounted to $52 million, or $0.27 per share, which represents a 17 percent increase from first quarter of 2013. Adjusted earnings, excluding costs related to the formation of the Exelis Mission Systems division as a separate company, amounted to $0.29 per share, a 26 percent increase compared to Q1 2013.<\/p>\n<p>Orders for the first quarter amounted to $1 billion, with growth in three of the company\u2019s four strategic growth platforms. In Exelis\u2019 Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) Electronics and Systems segment, revenue amounted to $480 million, a 4 percent decrease from first quarter of 2013. This decrease is due to lower volumes in domestic night vision and counter-IED jammer products. Segment-adjusted operating income was $47 million for the first quarter of 2014, a 147 percent increase over the respective period last year. Despite showing a decrease in revenue, orders in the C4ISR segment increased 18 percent for the first quarter 2014 compared to first quarter 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Via Satellite 05-07-2014] Exelis reported its earnings from the first quarter of 2014, with revenue reaching $1 billion for the aerospace, defense and information services company. The first quarter 2014 revenue represents a 12 percent decrease compared to the respective period for 2013. First quarter net income amounted to $52 million, or $0.27 per share, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-77617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/77617"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=77617"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/77617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/77619"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=77617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=77617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=77617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}