The highlights of the earnings report for Kratos Defense & Security Solutions, Inc. (KTOS) are as follows:
In the fourth quarter, the company reported earnings of $2.4 million, a significant improvement from the loss of $8.3 million during the same period last year. The Earnings Per Share (EPS) registered was $0.02 in Q4, in comparison to -$0.07 in the same quarter of the previous year.
When considering exceptional items, Kratos Defense & Security Solutions, Inc. posted an adjusted earning of $16.0 million or $0.12 per share for the period. This outperforms the earnings projections of analysts which stood at $0.09 per share.
The company's revenue also witnessed growth, it was $273.8 million in Q4, up from $249.3 million during the fourth quarter of the last year.
