Mercury Systems Tops Q2 Expectations

Mercury Systems rose in extended trading on Monday after the aerospace and defense company guided for upbeat earnings and revenue for the current quarter, while reporting higher-than-expected results for the most recent quarter. Shares increased more than 6%.

Adjusted EPS rose to $0.30 in the three months ended Dec. 31, from $0.23 a year earlier. Analysts had expected $0.25 on average, according to Capital IQ estimates. Q2 revenue rose to $98.0 million from $60.4 million. That topped the analyst consensus of $93.2 million.

Looking ahead to Q3, revenues are forecast to be in the range of $103 million to $107 million, and adjusted EPS is expected to be in the range of $0.29 to $0.32 per share. Analysts were looking for $96.3 million in revenue and $0.28 in earnings.

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