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L-3 Introduces Says Earnings Will Exceed Sales Growth Next Year

L-3 Communications [LLL] this week introduced its financial guidance for 2008, saying its net earnings will grow faster than the company's organic sales. Earnings per share (EPS) in 2008 are expected to be between $6.41 and $6.55, representing about 10 percent growth over the company's expectations for 2007. Organic sales are expected to grow by about 3 percent next year, down from about 8 percent forecast for 2007. The guidance has upside if L-3 receives further extensions to its linguist…

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