L-3 Communications Holdings Inc. (LLL) reported first-quarter net income attributable to L-3 of $193 million or $2.11 per share, compared to $201 million or $2.01 per share last year. Net income from continuing operations attributable to L-3 increased to $193 million or $2.11 per share, from $186 million or $1.86 per share last year. The 2013 first quarter included a $10 million or $0.11 per share tax benefit for the retroactive reinstatement of the U.S. Federal research and experimentation tax credit related to the 2012 tax year. Net sales rose to $3.19 billion, from $3.16 billion last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $1.94 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $3.04 billion for the quarter.
The company expects fiscal 2013 net sales in the range of $12.55 billion to $12.75 billion and profit per share from continuing operations in the range of $8.15 to $8.35. Analysts expect the company to report fiscal 2013 profit per share of $8.22 on revenue of $12.63 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.