financetom
Technology
financetom
/
Technology
/
Israeli defence firm Elbit Systems Q4 profit dips, Gaza war helped revenue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Israeli defence firm Elbit Systems Q4 profit dips, Gaza war helped revenue
Mar 26, 2024 3:55 AM

JERUSALEM, March 26 (Reuters) - Israeli defence

electronics firm Elbit Systems reported lower

quarterly profit as an increase in ammunition supplies to

Israel's military pushed revenue higher.

One of Israel's largest defence contractors, Elbit said on

Tuesday it earned $1.56 per diluted share excluding one-time

items in the fourth quarter, down from $1.71 per share a year

earlier.

Elbit's bottom line in the October to December was hit by

$52 million of non-cash expenses related to the write-off of

uncollectible balance of contract assets due to a discontinued

project and for the discontinuing of a subsidiary's activities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fintech Startups Are Rushing into AI: Are They Headed for Disaster?
Fintech Startups Are Rushing into AI: Are They Headed for Disaster?
Mar 11, 2025
The financial technology (fintech) industry is undergoing a rapid transformation, driven by artificial intelligence (AI). Fintech startups are embracing AI development at an unprecedented pace, hoping to enhance customer experience, automate processes, and improve decision-making. However, while the benefits of AI in fintech are undeniable, many startups are rushing into AI without fully understanding the risks, limitations, and potential consequences. ...
Assessing Microsoft's Performance Against Competitors In Software Industry
Assessing Microsoft's Performance Against Competitors In Software Industry
Mar 11, 2025
Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Microsoft ( MSFT ) in comparison to its major competitors within the Software industry. By analyzing critical financial metrics, market position, and growth potential, our objective is...
Analyzing NVIDIA In Comparison To Competitors In Semiconductors & Semiconductor Equipment Industry
Analyzing NVIDIA In Comparison To Competitors In Semiconductors & Semiconductor Equipment Industry
Mar 11, 2025
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...
Competitor Analysis: Evaluating Apple And Competitors In Technology Hardware, Storage & Peripherals Industry
Competitor Analysis: Evaluating Apple And Competitors In Technology Hardware, Storage & Peripherals Industry
Mar 11, 2025
Amidst today's fast-paced and highly competitive business environment, it is crucial for investors and industry enthusiasts to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating Apple ( AAPL ) in comparison to its major competitors within the Technology Hardware, Storage & Peripherals industry. By analyzing critical financial metrics, market position, and growth...
Copyright 2023-2025 - www.financetom.com All Rights Reserved