Elbit Systems reported stronger-than-expected quarterly revenue growth, offset by higher R&D costs and weaker aerospace sales.
Elbit Systems Ltd. (ESLT) posted second-quarter revenue of $2.29 billion, a 16% increase from $1.97 billion a year earlier. The gain exceeded Wall Street expectations but was weighed down by a decline in aerospace sales and rising research and development expenses.
The Israeli defense contractor’s shares fell 6.4% in premarket trading, reflecting investor concerns over margin pressure. Prior-year revenue had also grown, though at a slower pace, while R&D spending trends suggest a focus on long-term innovation.
No immediate market reaction details were provided beyond the premarket share decline.