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ManTech Int'l sees 4Q in line with views
By The Associated Press | 29 Oct 2008 | 06:58 PM ET
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FAIRFAX, Va. - Defense contractor ManTech International Corp. said Wednesday it expects fourth-quarter and full-year earnings in line with what Wall Street is expecting.

It expects fourth-quarter net income of $24.2 million to $25.2 million, or 67 cents to 70 cents per share.

ManTech projects fourth-quarter revenue of $490 million to $510 million.

Analysts polled by Thomson Reuters, on average, expect a profit of 67 cents per share on revenue of $497.3 million.

For the full-year, the company predicts earnings of $89.9 million to $90.9 million, or $2.53 to $2.56 per share.

ManTech expects 2008 sales of $1.87 billion to $1.89 billion.

Analysts predict a profit of $2.51 per share on sales of $1.89 billion.

Also Wednesday, ManTech said its third-quarter earnings jumped 37 percent, on new contracts and a renewed focus on high-end defense and intelligence products.

Shares added 9 cents to $46.48 in aftermarket trading after closing up $2.29, or 5.2 percent, at $46.39.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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