DRS · NASDAQ
DRS · NASDAQ
37.48 USD
-2.16 (-5.46%)
There was no new catalyst: DRS was down about 5.8%, extending the post-earnings selloff from its third-quarter results and raised full-year outlook. Trading volume rose to 2.74 times its normal same-time level as the broader U.S. market sold off sharply, while defense peers traded higher. Leonardo DRS reported third-quarter revenue growth and higher adjusted earnings, but investors continued to take profits after the prior rally.
There was no new catalyst: DRS was down about 5.8%, extending the post-earnings selloff from its third-quarter results and raised full-year outlook. Trading volume rose to 2.74 times its normal same-time level as the broader U.S. market sold off sharply, while defense peers traded higher. Leonardo DRS reported third-quarter revenue growth and higher adjusted earnings, but investors continued to take profits after the prior rally.