reported better-than-expected earnings for the latest third quarter.
The defense contractor reported third-quarter earnings of $150 million, or $2.11 a share, up 29% from the $116 million, or $1.66 a share, reported for the same period a year ago. According to
First Call/Thomson Financial
, 11 analysts expected the company to earn $2.01 for the quarter.
Sales for the quarter slipped to $1.7 billion from $1.8 billion a year ago, primarily because of reduced B-2 revenue as the production phase of the program nears completion.