Mercury Systems Inc. stock dropped 9% in the extended session Tuesday after the aerospace and defense electronics maker reported fiscal third-quarter profit...
Mercury Systems Inc.
stock dropped 9% in the extended session Tuesday after the aerospace and defense electronics maker reported fiscal third-quarter profit and sales above Wall Street expectations but cut its guidance for the year. Mercury Systems earned $5.2 million, or 9 cents a share, in the quarter, compared with $4.1 million, or 7 cents a share, in the third quarter of fiscal 2022. Adjusted for one-time items, Mercury earned 40 cents a share. Revenue rose to $263.5 million, from $253.1 million a year ago.
stock dropped 9% in the extended session Tuesday after the aerospace and defense electronics maker reported fiscal third-quarter profit and sales above Wall Street expectations but cut its guidance for the year. Mercury Systems earned $5.2 million, or 9 cents a share, in the quarter, compared with $4.1 million, or 7 cents a share, in the third quarter of fiscal 2022. Adjusted for one-time items, Mercury earned 40 cents a share. Revenue rose to $263.5 million, from $253.1 million a year ago.
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