Leonardo stock surges on strong Q1 results

(ANSA) - ROME, MAY 8 - The stock of aerospace and defence giant Leonardo surged almost 5% on the Milan bourse Wednesday after filing strong first quarter results Tuesday night.
    Leonardo in fact posted a net first quarter profit of 459 million euros, up from 40 million in the same period of last year.
    The ordinary net result, 93 million euro, was almost double last year's 40 million, reflecting "the improvement of the EBIT", the company said.
    Earnings were 20.8% up and EBITA up 73.3%, it said, confirming its 2024 guidance. (ANSA).