DRS

Leonardo DRS Q4 Profit Beats Estimates; Sees Annual Earnings Below View - Update

(RTTNews) - (Adds Outlook)

For the full year, Leonardo DRS, Inc. (DRS) expects earnings below analysts' estimates.  

For the 12-month period, the company expects adjusted income per share of $0.74 to $0.82, compared with analysts' view of $0.83 per share.  

Annual revenue is projected to be in the range $2.925 billion to $3.025 billion, in line with the Street view of $2.97 billion.

DRS was trading up by 2.77 percent at $21.67 per share in the pre-market trade on the Nasdaq.

Q4 Results:

Leonardo DRS revealed earnings for fourth quarter that beat the Street estimates.

The company's bottom line totaled $74 million, or $0.28 per share. This compares with $65 million, or $0.28 per share, in last year's fourth quarter.

Excluding items, Leonardo DRS, Inc. reported adjusted earnings of $83 million or $0.31 per share for the period.

Analysts on average had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.9% to $926 million from $820 million last year.

Leonardo DRS, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $74 Mln. vs. $65 Mln. last year. -EPS (Q4): $0.28 vs. $0.28 last year. -Analyst Estimates: $0.29 -Revenue (Q4): $926 Mln vs. $820 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.