Leonardo DRS Q3 2024 Adj. EPS $0.24 Beats $0.20 Estimate, Sales $812M Beat $775.446M Estimate
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS reported Q3 2024 earnings per share of $0.24, surpassing the analyst estimate of $0.20. The company's sales reached $812 million, exceeding the expected $775.446 million and marking a 15.50% increase from the previous year.
October 30, 2024 | 11:30 am
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POSITIVE IMPACT
Leonardo DRS reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.24 beating estimates by 20% and sales of $812M exceeding expectations by 4.71%.
The company's earnings per share and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100