CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Italy's Leonardo slips on lack of earnings guidance raise after Q3 beat

By Reuters News

** Shares in Italy's Leonardo LDOF.MI are down around 2%, after the defence group lifted its FY orders guidance for a second time this year, but otherwise confirmed its remaining 2026 targets

** Brokerage Jefferies deems the set of quarterly results as "strong" - beating estimates on orders, sales and EBITA - but notes the lack of earnings guidance upgrade

** It adds the confirmed guidance implies Q4 revenues and core profit up 11% and 13% year-on-year respectively, compared to 14% and 38% growth rates recorded over nine months

** JPMorgan rates the unchanged outlook "very conservative," and sees scope for a lifted consensus depending on commentary from the upcoming earnings call

** Europe's defence sector .SXPARO is also down around 0.5%, weighed by German peer Rheinmetall falling around 15% after the second guidance cut in three months

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.