By Calvin Biesecker L-3 Communications [LLL] yesterday posted a strong increase in its first quarter earnings despite relatively flat sales due to a lift in operating margins and lower pension expense, which more than offset a charge related to a new healthcare law. Net income increased 11 percent to $221 million, $1.87 earnings per share (EPS), from $199 million ($1.66 EPS), beating consensus expectations by a dime. Margins were up a percent due to improved contract performance and a favorable…
Earnings Rise Amid Flat Sales At L-3
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