Elbit’s Q1 Beats; Shares Gain – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20364/Elbit%27s+Q1+Beats%3B+Shares+Gain+-+Zacks+Tale+of+the+TapePosted on Wednesday, May 20th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Elbit Systems Ltd. (ESLT) reported first-quarter earnings of $1.02 per share this morning, matching the consensus estimate.
The maker of defense electronics said revenue grew 7% to $656.9 million, driven by sales of communication equipment and unmanned air vehicle systems.
Elbit also said that it anticipates double-digit growth in revenue during fiscal 2009.
Meanwhile, the full-year consensus estimate has remained unchanged at $3.88 per share over the past 60 days.
Shares of Elbit, a Zacks #3 Rank (”Hold”) company, have gained almost 7% to $60.44 in afternoon trade on higher-than-usual volume of approximately 21,000, compared to average daily volume of about 17,000.
“ESLT” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
Tags for this Post:
communication equipment, defense electronics, Elbit Systems Ltd., Market Commentary, Stocks to Watch, unmanned air vehicle systems;, USD, Zacks Market Commentaries
communication equipment, defense electronics, Elbit Systems Ltd., Market Commentary, Stocks to Watch, unmanned air vehicle systems;, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.