09:12 AM EDT, 05/01/2024 (MT Newswires) -- Leonardo DRS ( DRS ) reported Q1 adjusted earnings Wednesday of $0.14 per diluted share, up from $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.12.

Revenue for the quarter ended March 31 was $688 million, up from $569 million a year earlier.

Analysts surveyed by Capital IQ expected $645.6 million.

The company maintained its 2024 outlook of adjusted diluted EPS of $0.74 to $0.82 on revenue of $2.93 billion to $3.03 billion. Analysts surveyed by Capital IQ expect normalized EPS of $0.80 on revenue of $3.01 billion.

Leonardo shares were 2.2% higher in premarket trading.

Price: 22.00, Change: +0.48, Percent Change: +2.23