Mercury Systems: Fiscal 4Q Earnings Snapshot
ANDOVER, Mass. (AP) _ Mercury Systems Inc. (MRCY) on Tuesday reported fiscal fourth-quarter profit of $10.1 million.
On a per-share basis, the Andover, Massachusetts-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, were 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The maker of processing systems and software posted revenue of $152.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $149.6 million.
For the year, the company reported profit of $40.9 million, or 86 cents per share. Revenue was reported as $493.2 million.
For the current quarter ending in October, Mercury Systems expects its per-share earnings to range from 32 cents to 36 cents.
The company expects full-year earnings in the range of $1.58 to $1.76 per share.
Mercury Systems shares have dropped 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $41.73, a decrease of 5 percent in the last 12 months.