Kratos Defense and Security Solutions Inc (KTOS)

[JohnnyJay]

A good quarter after you get by the headline and if you listen to the conference, thinks are definitely looking up for 2017 and beyond. Kratos reports 1Q loss
[Associated Press]
Associated PressMay 4, 2017

SAN DIEGO (AP) _ Kratos Defense & Security Solutions Inc. (KTOS) on Thursday reported a loss of $10 million in its first quarter.

The San Diego-based company said it had a loss of 13 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 1 cent per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The military contractor posted revenue of $167.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $159.6 million.

For the current quarter ending in July, Kratos said it expects revenue in the range of $170 million to $176 million.

The company expects full-year revenue in the range of $700 million to $720 million.

Kratos shares have risen roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.67, a climb of 44 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KTOS at https://www.zacks.com/ap/KTOS