ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Mercury Systems Inc. (MRCY) on Tuesday reported a loss of $17.5 million in its fiscal first quarter.
The Andover, Massachusetts-based company said it had a loss of 30 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The maker of processing systems and software posted revenue of $204.4 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $181.1 million.
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