Why Leonardo DRS Stock Trounced the Market Today

2026-02-24 19:42:40 ET

Leonardo DRS (NASDAQ: DRS) was a defense sector stock of choice for many market participants on the second trading day of the week. The company's shares zoomed almost 15% higher on the back of a quarterly and annual earnings report that featured robust growth numbers.

Leonardo DRS's fourth quarter saw the company earn $1.06 billion in revenue, up 8% year over year. Net income not in accordance with generally accepted accounting principles (GAAP) rose at a higher pitch, increasing by 13% to $114 million, or $0.42 per share.

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