HAIFA, Israel (AP) _ Elbit Systems Ltd. (ESLT) on Tuesday reported first-quarter profit of $50.5 million.
The Haifa, Israel-based company said it had profit of $1.18 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.54 per share.
The maker of defense electronics posted revenue of $1.02 billion in the period.
Elbit shares have increased 24% since the beginning of the year. The stock has climbed 24% in the last 12 months.
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