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Why Leonardo DRS Stock Dropped Today

TheMotleyFool

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Why Leonardo DRS Stock Dropped TodayPhoto, wide shot, wide-angle lens, Logistics company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a16a79c7-f73c-405d-ba63-e8d69b66ce4e.png

Leonardo DRS (NASDAQ: DRS) stock sank 4.9% through 11:10 a.m. ET Wednesday despite beating earnings forecasts this morning.

Heading into the Q3 report, analysts forecast the defense contractor would earn $0.28 per share, adjusted for one-time items, on sales of less than $925 million. Leonardo actually earned $0.29 per share, and sales were $960 million.

Image source: Getty Images.

Source Fool.com

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