Quarterly Earnings Releases - Research Reports on General Dynamics, L-3 Communications, Terex, Harman and Ocwen Financial

NEW YORK, November 4, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding General Dynamics Corporation (NYSE: GD), L-3 Communications Holdings Inc. (NYSE: LLL), Terex Corporation (NYSE: TEX), Harman International Industries, Inc. (NYSE: HAR) and Ocwen Financial Corp. (NYSE: OCN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7668-100free.

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General Dynamics Corporation Research Reports
On October 22, 2014, General Dynamics Corporation (General Dynamics) announced its Q3 FY 2014 (period ended September 28, 2014) financial results. Revenue increased marginally by 0.21% YoY to $7.8 billion. Total backlog at the end of Q3 FY 2014 was $74.4 billion, up 56% YoY. Net earnings were reported at $696 million or $2.06 per diluted share, compared to $651 million or $1.84 per diluted share in Q3 FY 2013. Phebe N. Novakovic, Chairman and CEO of General Dynamics said, "General Dynamics had a very strong quarter, evident in our operating earnings, operating margins at 12.9 percent and solid cash performance. With a continued focus on operating performance and the company's significant increase in backlog throughout 2014, we are well-positioned for the opportunities ahead." The full research reports on General Dynamics are available to download free of charge at:

http://www.analystsreview.com/Nov-04-2014/GD/report.pdf

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L-3 Communications Holdings Inc. Research Reports
On October 30, 2014, L-3 Communications Holdings Inc.( L-3 Communications) announced its Q3 FY 2014 (period ended September 26, 2014) financial results with net sales of $2.9 billion, down 2.07% YoY. Net sales from Electronic Systems segment was down 0.5% YoY to $1.1 billion, and net sales from Aerospace systems segment fell by 5.1% YoY to $1.0 billion. Net income was reported at $154 million or $1.78 per diluted share, compared to $200 million or $2.19 per diluted share in Q3 FY 2013. Michael T. Strianese, Chairman, President and CEO of L-3 Communications, said, "While we are disappointed by the performance at Aerospace Systems, the rest of our business segments performed well during the third quarter. We generated strong cash flow while executing our strategy of growing our international and commercial businesses." For full-year FY 2014, the Company anticipates net sales to range between $12,025 million and $12,125 million, and diluted EPS in the range of $7.30 to $7.50. The full research reports on L-3 Communications are available to download free of charge at:

http://www.analystsreview.com/Nov-04-2014/LLL/report.pdf

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Terex Corporation Research Reports
On October 29, 2014, Terex Corporation (Terex) reported its Q3 2014 earnings results. Net sales were $1,809.8 million, compared with $1,757.0 million in Q3 2013. Net income was reported at $64.2 million or $0.56 per diluted share, compared to $94.4 million or $0.81 per diluted share in Q3 2013. Ron DeFeo, Terex Chairman and CEO, said, "Our results for the third quarter were in line with the revised guidance communicated in mid-September. Our Cranes segment met our lowered expectations for the quarter as end markets remain challenged." Mr. DeFeo added. "Predicting market improvements has been challenging and in the near term we will be assuming flat markets and only performance improvements that we can control. Consequently, we now expect our annual outlook for earnings per share to be at or near the bottom of our previously announced range of $2.35 to $2.50, excluding restructuring and other unusual items, on net sales of between $7.3 billion and $7.5 billion." The full research reports on Terex are available to download free of charge at:

http://www.analystsreview.com/Nov-04-2014/TEX/report.pdf

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Harman International Industries, Inc. Research Reports
On October 30, 2014, Harman International Industries, Inc. (Harman) announced its Q1 FY 2015 (period ended September 30, 2014) financial results. Net sales were reported at $1.43 billion, up 21.9% YoY. Infotainment net sales increased 16.9% YoY to $748 million, and Lifestyle net sales grew 27.5% YoY to $426 million. Net income stood at $83 million or $1.18 per diluted share, versus $46.5 million or $0.66 per diluted share in Q1 FY 2014. Dinesh C. Paliwal, Harman's Chairman, President and CEO, said, "The fundamentals of our business are intact and despite fluctuations in foreign currency rates, we are confident in our full year guidance." Mr. Paliwal continued, "Looking further out, demand from automakers for innovative embedded infotainment and car audio solutions remains robust as evidenced by over $2 billion of new automotive awards that we secured in the first quarter of this fiscal year. These proof points give us the confidence to put in place a three year $500 million share buy-back program." The full research reports on Harman are available to download free of charge at:

http://www.analystsreview.com/Nov-04-2014/HAR/report.pdf

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Ocwen Financial Corp. Research Reports
On October 30, 2014, Ocwen Financial Corp. (Ocwen Financial) announced its Q3 2014 financial results. Ocwen generated revenue of $513.7 million, down 3.3% YoY. The Company reported a net loss of $75.3 million, or $0.58 per diluted share, compared to net income of $60.6 million, or $0.39 per diluted share, in Q3 2013. Normalized pre-tax income for the quarter was reported at $64.8 million, versus $147.3 million in Q3 2013. The full research reports on Ocwen Financial are available to download free of charge at:

http://www.analystsreview.com/Nov-04-2014/OCN/report.pdf

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EDITOR'S NOTES:
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