Kratos: 2Q Earnings Snapshot
SAN DIEGO (AP) _ Kratos Defense & Security Solutions Inc. (KTOS) on Wednesday reported second-quarter net income of $3.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Diego-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The military contractor posted revenue of $187.9 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $178.1 million.
For the current quarter ending in October, Kratos said it expects revenue in the range of $175 million to $185 million.
The company expects full-year revenue in the range of $720 million to $740 million.
Kratos shares have climbed 75% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.69, a climb of 91% in the last 12 months.