L-3 Communications Holdings Inc. (LLL) reported fourth quarter earnings per share ( EPS ) of $2.37, up 23% year over year from $1.93 in the year-ago quarter. The quarterly figure comfortably surpassed the Zacks Consensus Estimate of $2.31. For the full year 2010, diluted EPS was up 8% year over year to $8.25 from $7.61 in the prior year. The annualized EPS figure also beat the Zacks Consensus Estimate of $8.03. Operating Statistics Net sales rose marginally by 1% or $47 million year over year to $4.3 billion compared with $4.2 billion for the fourth quarter of 2009. Net sales also beat the Zacks Consensus Estimate of $4.2 billion by $29 million. Sales growth primarily came from the Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) and Electronic Systems segments. This was partially offset by lower sales from the Government Services segment and from the Aircraft Modernization and Maintenance (AM&M) segment.