08:25 AM EDT, 07/30/2024 (MT Newswires) -- Leonardo DRS ( DRS ) reported Q2 adjusted earnings Tuesday of $0.18 per diluted share, up from $0.15 a year earlier.

Analysts surveyed by Capital IQ expected $0.14.

Revenue for the quarter ended June 30 was $753 million, up from $628 million a year earlier.

Analysts surveyed by Capital IQ expected $680.3 million.

The company said it now expects 2024 adjusted EPS of $0.82 to $0.88, compared with $0.74 to $0.82 previously. Analysts surveyed by Capital IQ expect $0.81.

Revenue for the year is now expected to be in the range of $3.08 billion to $3.18 billion, compared with $2.93 billion to $3.03 billion previously. Analysts surveyed by Capital IQ expect $3.01 billion.

Shares of the company were up 4.7% in recent premarket activity Tuesday.

Price: 29.51, Change: +1.31, Percent Change: +4.65