BUZZ-Leonardo DRS up on strong 2025 forecast
ReutersFeb 20, 2025 4:40 PM
Shares of defense co Leonardo DRS DRS.O up 3.6% at $30.59
Co forecasts 2025 revenue range of $3.43 bln - $3.53 bln and Adj EPS range of $1.02 - $1.08 - above analyst estimate of $3.42 bln and $1.06, respectively, according to data compiled by LSEG
Co posts Q4 revenue of $981 mln and adjusted EPS of $0.38 - above analyst estimates of $942.2 mln and $0.35, respectively
Board authorizes stock repurchase program for up to $75 mln
Stock gained ~61.2% in 2024; stock down 3.7% YTD
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