Stock Track | Leonardo DRS Soars 6.06% as Q4 Earnings Beat Estimates on Strong Revenue Growth

Stock Track

Feb 20, 2025

Shares of Leonardo DRS, Inc. (DRS) surged 6.06% in intraday trading on Thursday, following the company's better-than-expected fourth-quarter earnings release. The defense contractor's stock opened at $13.62 and reached an intraday high of $14.17 as of 9:30 a.m. ET.

Leonardo DRS reported quarterly earnings of $0.38 per share for the fourth quarter of 2024, beating analysts' consensus estimate of $0.35 by 8.57%. The company's revenue of $981 million also surpassed expectations, growing by 5.94% year-over-year and exceeding the analyst estimate of $942.179 million by 4.12%.

The strong financial performance was driven by robust demand across the company's product lines, according to the earnings release. Leonardo DRS CEO William J. Lynn III stated, "Our fourth-quarter results demonstrate the strength of our diversified portfolio and our ability to capitalize on growing defense spending budgets in key markets."

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(DRS) surged 6.06% in intraday trading on Thursday, following the company's better-than-expected fourth-quarter earnings release. The defense contractor's stock opened at $13.62 and reached an intraday high of $14.17 as of 9:30 a.m. ET.</p>\n\n<p>Leonardo DRS reported quarterly earnings of $0.38 per share for the fourth quarter of 2024, beating analysts' consensus estimate of $0.35 by 8.57%. The company's revenue of $981 million also surpassed expectations, growing by 5.94% year-over-year and exceeding the analyst estimate of $942.179 million by 4.12%.</p>\n\n<p>The strong financial performance was driven by robust demand across the company's product lines, according to the earnings release. Leonardo DRS CEO William J. Lynn III stated, \"Our fourth-quarter results demonstrate the strength of our diversified portfolio and our ability to capitalize on growing defense spending budgets in key markets.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRS","symbol_name":"Leonardo DRS, Inc.","start_time":0,"source_url":"","article_id":"1143995126","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143995126","pubTimestamp":1740062132,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Leonardo DRS, Inc.  surged 6.06% in intraday trading on Thursday, following the company's better-than-expected fourth-quarter earnings release. 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