Leonardo DRS, Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Leonardo DRS, Inc. (DRS) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $57 million, or $0.21 per share. This compares with $47 million, or $0.18 per share, in last year's third quarter.

Excluding items, Leonardo DRS, Inc. reported adjusted earnings of $64 million or $0.24 per share for the period.

Analysts on average had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.5% to $812 million from $703 million last year.

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

-Earnings (Q3): $57 Mln. vs. $47 Mln. last year. -EPS (Q3): $0.21 vs. $0.18 last year. -Revenue (Q3): $812 Mln vs. $703 Mln last year.