🔴 Elbit Systems is trading 9.41% down today after profit-taking despite strong Q2 beat

Elbit Systems is trading now at ILA 234000.00, down 9.41%, as investors take profits despite a strong second-quarter earnings beat.

• Adjusted EPS was $4.14, revenue rose to $2.29 billion from $1.97 billion, and backlog reached a record $32 billion.
• Reports attributed the selloff to profit-taking after a powerful run-up, elevated valuation, aerospace weakness, tax pressures, and concerns about converting backlog into revenue.
• Reuters confirmed continued growth expectations, indicating investor positioning and forward concerns rather than deteriorating headline results drove the decline.