Stock Track | Elbit Systems Shares Soar Over 5% After Smashing Q3 Earnings Estimates on Booming Defense Demand

Stock Track

2024/11/19

Elbit Systems Ltd (NASDAQ: ESLT) shares soared 5.32% in pre-market trading on Tuesday, November 19, 2024, after the Israeli defense technology company reported stronger-than-expected third-quarter financial results, fueled by surging global demand for its products and services.

For the quarter ended September 30, the company posted adjusted earnings of $2.21 per share, significantly beating analysts' consensus estimate of $1.86 per share. Revenue climbed 14.4% year-over-year to $1.72 billion, surpassing the $1.61 billion forecast by Wall Street.

The impressive Q3 performance was driven by a record order backlog of $22.1 billion as of September 30, with around 66% of the orders coming from international customers outside of Israel. Elbit noted strong interest in its offerings from various regions, including North America, Europe, and Asia-Pacific.

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Elbit noted strong interest in its offerings from various regions, including North America, Europe, and Asia-Pacific.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESLT","symbol_name":"埃尔比特系统","start_time":0,"source_url":"","article_id":"1143435436","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143435436","pubTimestamp":1732027228,"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":"Elbit Systems Ltd  shares soared 5.32% in pre-market trading on Tuesday, November 19, 2024, after the Israeli defense technology company reported stronger-than-expected third-quarter financial results, fueled by surging global demand for its products and services.For the quarter ended September 30, the company posted adjusted earnings of $2.21 per share, significantly beating analysts' consensus estimate of $1.86 per share. 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