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L-3 Communications posts lower profit, sales

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Thu Nov 1, 2012 7:50am EDT

Nov 1 (Reuters) - Defense contractor L-3 Communications Holdings posted a lower quarterly profit on Thursday as sales eased.

Net income came to $192 million, or $1.97 a diluted share, for the third quarter, compared with $235 million, or $2.24 a share, a year earlier.

Sales fell 0.5 percent to $3.28 billion.

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