ROUND ROCK, Texas (AP) — ROUND ROCK, Texas (AP) — Kratos Defense & Security Solutions Inc. (KTOS) on Wednesday reported second-quarter earnings of $7.9 million.
The Round Rock, Texas-based company said it had net income of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 14 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The military contractor posted revenue of $300.1 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $276.8 million.
For the current quarter ending in September, 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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