MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — V2X, Inc. (VVX) on Tuesday reported a loss of $17.5 million in its first quarter.
The McLean, Virginia-based company said it had a loss of 57 cents per share. Earnings, adjusted to extinguish debt and for amortization costs, came to 80 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The government services company posted revenue of $943.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $881.4 million.
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.
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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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