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L-3 first-quarter net increases 17%
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New York, USA (Bloomberg): L-3 Communications Holdings Inc., the largest supplier of translators for the U.S. Army, said first-quarter earnings rose 17 percent on wartime demand for linguists and sales of military gear. The company raised its full-year forecast. Net income rose to $162.1 million, or $1.29 a share, beating analysts' estimates, from $138.9 million, or $1.13, a year earlier. Revenue climbed 14 percent $3.3 billion, the New York-based company said today in a statement.
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