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Earnings News and Notes

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L-1 Identity Solutions [ID] 1Q11 1Q10 Sales $97.2M $94.6M Net Inc. (10.8M, 0.12) (7.5M, 0.09) Sales rose 3% driven by gains in its services business--mainly for state and local government agencies--and its solutions business--again driven by state and local agencies but also for software and licensing fees. Losses widened despite a $2.2 million profit from the discontinued intelligence services business, which had a $1.4 million loss a year ago. Losses in the quarter include $1.5 million related to debt retirement,…

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