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L-3 Continues Earnings Momentum With Strong Second Quarter

By Cal Biesecker

Thursday, July 28th, 2016

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L-3 Continues Earnings Momentum With Strong Second Quarter

L-3 President and Chief Operating Officer Chris Kubasik.

L-3 Communications [LLL] on Thursday reported strong second quarter results posting double-digit earnings gains in large part because it has fixed troubled programs and business operations that were plaguing it the past two years.Net income increased 27 percent to $147 million, $1.88 earnings per share (EPS), from $116 million ($1.39 EPS). Wall Street analysts had predicted the company would earn $1.69 EPS in the quarter.In the first quarter L-3 posted a 60 percent increase in net income on improved contract…

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