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Earnings News and Notes

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L-1 Identity Solutions [ID] 2Q10 2Q09 Sales $164.1 $168.1 Net Inc. ($2.3M, 0.03) ($1.2M, 0.01) Losses widened due to $2.3M in expenses related to L-1's pursuit of a sale of the company while sales fell 2% primarily on lower than expected volume on U.S. Passport Cards. L- 1 also attributes the weaker sales to a delay in the receipt of $5M in Automated Biometric Identification System (ABIS) licensing revenue from a U.S. government agency and a delay in the start…

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