Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type
Leonardo SpA BIT:LDO Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.49 -6.0% 7.67 7.68 7.686 8.152 7.66 8.136 2,847,808 16:35:21

Rada Electronic Shares Tumble Premarket on Revenue Miss

06/07/2022 11:59am

Dow Jones News

Leonardo (BIT:LDO)
Historical Stock Chart

From Jun 2022 to Sep 2022

Click Here for more Leonardo Charts.

By Colin Kellaher


Shares of Rada Electronic Industries Ltd. fell more than 10% in premarket trading Wednesday after the provider of tactical radars said its second-quarter revenue would fall well short of expectations.

The Netanya, Israel, company said it expects to report quarterly revenue of about $22.5 million to $59.4 million, well below the $85 million to $95 million it forecast in May and the $88.5 million analysts polled by FactSet, on average, were expecting.

Rada said it is still feeling the effects of the U.S. budget delay and the resulting U.S. continuing-resolution pause earlier this year, with orders coming slower than originally planned.

The company, which last month agreed to be acquired by a unit of Italy's Leonardo SpA, said it is pulling its full-year revenue guidance in light of the pending deal.

Rada shares, which closed Tuesday at $9.04, were recently down 10.4% to $8.10 in premarket trading.


Write to Colin Kellaher at


(END) Dow Jones Newswires

July 06, 2022 06:44 ET (10:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Leonardo Chart

1 Year Leonardo Chart

1 Month Leonardo Chart

1 Month Leonardo Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220924 16:20:07