(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.
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