V2X: Q4 Earnings Snapshot

COLORADO SPRINGS, Colo. (AP) — COLORADO SPRINGS, Colo. (AP) — V2X, Inc. (VVX) on Thursday reported a loss of $10.6 million in its fourth quarter.

On a per-share basis, the Colorado Springs, Colorado-based company said it had a loss of 35 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 92 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The government services company posted revenue of $978.2 million in the period.

For the year, the company reported a loss of $14.3 million, or 68 cents per share. Revenue was reported as $2.89 billion.

V2X expects full-year earnings in the range of $3.80 to $4.30 per share, with revenue in the range of $3.8 billion to $3.9 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVX at https://www.zacks.com/ap/VVX

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