Elbit stock rose premarket after strong Q3 and $25B order backlog
Elbit Systems rose nearly 6% premarket after posting Q3 adjusted earnings of $3.35 per share, beating the $2.42 estimate. Revenue grew 11% to $1.92 billion, slightly missing forecasts. The company reported a record $25.2 billion backlog, with 69% from outside Israel, and recently secured a $1.6 billion European defense contract.