Published on 10 Nov 2021 on Zacks via Yahoo Finance
Kratos Defense (KTOS) Q3 Earnings Top Estimates, Revenues Lag
Shares of Kratos Defense & Security Solutions, Inc. KTOS declined 4.8% to $22.17 on Nov 9, reflecting negative investor sentiments following the company’s third-quarter 2021 results.
The company reported third-quarter 2021 adjusted earnings of 9 cents per share, which beat the Zacks Consensus Estimate by 28.6%. The bottom line was flat year over year.
Kratos Defense reported a GAAP loss of 2 cents per share against an earnings of 2 cents reported in the prior-year quarter.