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By Sam Boughedda
Investing.com — Elbit Methods Ltd (NASDAQ:) shares tumbled 8.89% on Tuesday after it reported its earnings for the fourth quarter and full yr.
Fourth-quarter earnings included income of $1.49 billion, beating the $1.44 billion anticipated by analysts. Earnings per share got here in at $2.14, beat analyst expectations of $2.03 however dipped from the $2.38 reported within the fourth quarter of 2020.
Full-year income was $5.28 billion, representing over 13% progress compared to 2020.
In response to the protection electronics firm, nearly all of its income got here from Airborne programs and C4ISR programs areas of operation.
“2021 was a strong yr for Elbit Methods, and the monetary outcomes point out the sustained demand for our merchandise and programs from clients world wide,” commented Bezhalel Machlis, president and CEO of Elbit Methods.
The corporate additionally reported a fourth-quarter dividend fee of fifty cents per share on April twenty fifth.
The inventory has made strong good points in 2022, rallying 23.42%.
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