ManTech: 4Q Earnings Snapshot

HERNDON, Va. (AP) _ ManTech International Corp. (MANT) on Wednesday reported fourth-quarter earnings of $32.2 million.

The Herndon, Virginia-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to 89 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The defense contractor posted revenue of $638.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $628 million.

For the year, the company reported profit of $120.5 million, or $2.97 per share. Revenue was reported as $2.52 billion.

ManTech expects full-year earnings in the range of $3.48 to $3.60 per share, with revenue in the range of $2.65 billion to $2.75 billion.

ManTech shares have dropped slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $81.55, decreasing slightly 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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