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Leonardo DRS Smashes Earnings, Boosts Guidance
Description
Leonardo DRS delivers outstanding Q1 earnings, surpassing analyst predictions with revenue of $846 million, a 5.9% year-over-year growth, and adjusted EPS of $0.26. Full-year guidance increased, targeting $3.94 billion in revenue and $1.28 in adjusted EPS. Despite a 45.4% drop in backlog, management remains optimistic. The company focuses on organic growth and targeted acquisitions in areas like counter-drone tech and space. Stock price rises to $41.50, indicating positive market sentiment.
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