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.
For the current quarter ending in June, Kratos said it expects revenue in the range of $265 million to $280 million.
The company expects full-year revenue in the range of $1.13 billion to $1.15 billion.
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