ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Mercury Systems Inc. (MRCY) on Tuesday reported a loss of $15.1 million in its fiscal second quarter.
The Andover, Massachusetts-based company said it had a loss of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The maker of processing systems and software posted revenue of $232.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $207.4 million.
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