ManTech: 2Q Earnings Snapshot

HERNDON, Va. (AP) _ ManTech International Corp. (MANT) on Wednesday reported second-quarter profit of $29.9 million.

The Herndon, Virginia-based company said it had profit of 74 cents per share. Earnings, adjusted for amortization costs, were 84 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The defense contractor posted revenue of $632.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $568.3 million.

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ManTech expects full-year earnings in the range of $3.14 to $3.21 per share, with revenue in the range of $2.45 billion to $2.5 billion.

ManTech shares have fallen 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $67.61, a decline of nearly 1% in the last 12 months.

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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

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