HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported first-quarter profit of $160.8 million.
The Haifa, Israel-based company said it had profit of $3.34 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $3.87 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.44 per share.
The maker of defense electronics posted revenue of $2.19 billion in the period.
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