Kratos: Q1 Earnings Snapshot
By Ap News
Published - May 07, 2024, 04:28 PM ET
Last Updated - May 07, 2024, 04:28 PM EDT
ROUND ROCK, Texas (AP) — ROUND ROCK, Texas (AP) — Kratos Defense & Security Solutions Inc. (KTOS) on Tuesday reported first-quarter profit of $1.3 million.
On a per-share basis, the Round Rock, Texas-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, were 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The military contractor posted revenue of $277.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $251 million.
