Kratos: 2Q Earnings Snapshot
Aug. 02, 2018
SAN DIEGO (AP) _ Kratos Defense & Security Solutions Inc. (KTOS) on Thursday reported a loss of $7.7 million in its second quarter.
On a per-share basis, the San Diego-based company said it had a loss of 7 cents. Earnings, adjusted to account for discontinued operations and non-recurring costs, were 2 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The military contractor posted revenue of $151.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $147.1 million.
For the current quarter ending in October, Kratos expects its per-share earnings to range from 2 cents to 4 cents.
The company said it expects revenue in the range of $150 million to $160 million for the fiscal third quarter.
Kratos expects full-year earnings in the range of 15 cents to 19 cents per share.
Kratos shares have increased 22 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.92, a climb of 16 percent in the last 12 months.