Thursday, July 26, 2007

L-3 posts higher net, but forecast disappoints

(Reuters) - NEW YORK, July 26 - L-3 Communications Holdings Inc. posted better-than-expected quarterly earnings and raised its full-year profit forecast on Thursday, citing strong demand for its military electronics and intelligence network services.



The defense contractor said net profit rose to $188.1 million, or $1.49 per share, from $49.8 million, or 40 cents per share, a year earlier, when earnings were burdened by one-time charges.


Read more at Reuters.com Market News

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