Leonardo Q 2 Revenue Tops Estimates, Profit Misses, Guidance Raised
Italian defense group Leonardo reported second-quarter revenue of €5.56 billion, ahead of analysts’ expectations of €5.46 billion. Net profit for the quarter came in at €241 million, below the €255 million analysts had expected. Second-quarter EBITDA was €499 million, topping the €448.5 million consensus estimate. For the first half, revenue reached €10 billion, compared with analysts’ expectations of €9.85 billion. The company also raised its full-year guidance.