Elbit Systems Ltd. (ESLT-NASDAQ) reported their third quarter 2017 results on Tuesday, November 14, 2017. In this piece we discuss how the timing of deals signed by Elbit impacted the quarter. We also provide a forecast for the upcoming quarter based partially on signed deal timing. Q3/17 Results Record gross margins helped make up for lower than expected revenue. Source: Perspectec Revenue was off a little – Elbit saw revenue come in about 2% below our estimates. Y/Y growth of about 3% was slightly below that of other defense contractors such as Lockheed Martin (5%) and Raytheon (4.5%). Contract falls off […]
Daily Archives: Friday, November 24, 2017 6:54pm
1 post