ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Mercury Systems Inc. (MRCY) on Tuesday reported a loss of $2.9 million in its fiscal third quarter.
On a per-share basis, the Andover, Massachusetts-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The maker of processing systems and software posted revenue of $235.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $210.4 million.
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