Kratos Defense & Security (KTOS) PT Raised to $28 at Canaccord Genuity
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Kratos Defense (KTOS) Tops Q2 EPS by 2c, Revenues Beat; Q3 Revenue Guidance Below Consensus, FY19 Revenue Mid-Point Below Consensus
July 31, 2019 4:02 PM EDTKratos Defense (NASDAQ: KTOS) reported Q2 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $187.9 million versus the consensus estimate of $178.72 million.
Eric DeMarco, Kratos President and CEO, said, In the second quarter of 2019 every Kratos business unit generated sequential organic revenue growth over the first quarter of 2019, reflecting Kratos alignment with the DoD National Security Strategy and related funding priorities. Also, Kratos business mix continues to be favorable as we execute on higher margin product and solutions work versus services work, including as our space and satellite business... More
