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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Elbit Systems Ltd (NASDAQ:ESLT) reported second-quarter FY21 revenue growth of 20.7% year-over-year to $1.30 billion, beating the consensus of $1.17 billion.
- Revenues by segments: Airborne systems $516.9 million (+32.7% Y/Y), Land systems $284.3 million (-3.6% Y/Y), C4ISR systems $342.2 million (+43.5% Y/Y), and Electro-optic systems $105.7 million (-19.8% Y/Y).
- Non-GAAP net EPS improved to $2.11 from $1.56 in 2Q20, beating the consensus of $1.57.
- The GAAP gross margin was flat at 26%, and on an adjusted basis, the margin expanded by ten bps to 26.6%.
- The operating income was flat compared to 2Q20 at $117.1 million, and the margin contracted by 186 bps to 9%. On an adjusted basis, the operating margin expanded by 20 bps to 8.8%.
- Elbit Systems generated cash from operating activities year-to-date of $157.1 million, compared to $169.3 million a year ago.
- The company's backlog of orders as of June 30, 2021, totaled $13.6 billion, compared to $11.8 billion as of March 31, 2021.
- The company's Q2 dividend of $0.46 per share is payable on September 13, 2021, with a record date of August 30, 2021.
- Price Action: ESLT shares are trading higher by 5.77% at $139.77 during the premarket session on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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