Kratos Defense & Security Solutions Inc (KTOS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Kratos Defense & Security Solutions Inc (KTOS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.06. The company posted revenue of $168.20 million in the period, compared to analysts expectations of $158.93 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Kratos Defense & Security Solutions Inc closed down -0.03 points or -0.68% at $4.39 with 2,56,814 shares getting traded on Tusday. Post opening the session at $4.41, the shares hit an intraday low of $4.375 and an intraday high of $4.49 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Dec 14, 2015, Eric M Demarco (CEO) purchased 12,811 shares at $3.90 per share price. According to the SEC, on Aug 28, 2015, Scot B Jarvis (director) purchased 20,000 shares at $3.94 per share price. On Aug 28, 2015, Deanna H Lund (CFO) purchased 3,000 shares at $3.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Kratos Defense & Security Solutions Inc. (Kratos) is a technology focused security business providing mission critical products solutions and services for domestic and international customers. The Company operates in three segments: Kratos Government Solutions (KGS) Unmanned Systems Segment (US) and Public Safety & Security (PSS). The US segment provides unmanned aerial ground seaborne and command control and communications system business. The KGS and US segments provide products solutions and services primarily for mission critical national security priorities. The PSS segment provides independent integrated solutions for advanced homeland security public safety critical infrastructure and security and surveillance systems for Government and commercial applications. The Company’s principal products and solutions are related to Command Control Communications Computing Combat Systems Intelligence Surveillance and Reconnaissance (C5ISR).

Kratos Defense & Security Solutions Inc

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