Leonardo DRS Q2 2024 Adj. EPS $0.18 Beats $0.14 Estimate, Sales $753.000M Beat $680.357M Estimate
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS (NASDAQ:DRS) reported Q2 2024 adjusted EPS of $0.18, beating the $0.14 estimate. Sales were $753 million, surpassing the $680.357 million estimate and showing a 19.90% increase from last year's $628 million.
July 30, 2024 | 11:33 am
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POSITIVE IMPACT
Leonardo DRS reported strong Q2 2024 results with EPS of $0.18 beating estimates by 28.57% and sales of $753 million exceeding expectations by 10.68%. Sales increased by 19.90% YoY.
The strong earnings and revenue beat, along with significant YoY growth, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100