HAIFA, Israel (AP) _ Elbit Systems Ltd. (ESLT) on Tuesday reported first-quarter earnings of $72.5 million.

The Haifa, Israel-based company said it had net income of $1.64 per share. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.

The maker of defense electronics posted revenue of $1.12 billion in the period.

Elbit shares have climbed almost 4% since the beginning of the year. The stock has dropped slightly more than 1% in the last 12 months.

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