Leonardo DRS Q4 2023 Adj EPS $0.31 Beats $0.29 Estimate, Sales $926.00M Beat $882.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS (NASDAQ:DRS) reported Q4 2023 adjusted EPS of $0.31, surpassing the $0.29 estimate, with sales of $926M beating the $882.17M estimate, marking a 12.93% increase from the previous year.
February 27, 2024 | 1:01 pm
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Leonardo DRS reported a Q4 2023 adjusted EPS of $0.31, beating estimates, and sales of $926M, also above expectations, showing a significant year-on-year growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-on-year growth further strengthens the case for a positive outlook on DRS's stock in the short term.
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