ESLT - Why Elbit Systems Shares Are Down Today | Benzinga
Elbit Systems Ltd. (NASDAQ:ESLT) reported first-quarter FY24 revenue of $1.554 billion, beating the consensus of $1.463 billion.
Segment revenues: Aerospace $422.0 million (broadly flat Y/Y), C4I and Cyber $197.0 million (+12% Y/Y), ISTAR and EW $346.1 million (+17% Y/Y), Land $380.1 million (+26% Y/Y) and Elbit Systems of America (ESA) $344.1 million (roughly flat Y/Y).
Adjusted gross margin contracted to 24.7% from 26.5% a year ago, and adjusted operating margin stood at 7.8% ...