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Why Kratos Defense Stock Just Cratered 13.5%

·2 min read
Why Kratos Defense Stock Just Cratered 13.5%
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Shares of military drone maker Kratos Defense & Security Solutions (NASDAQ: KTOS) are falling today, down by 13.5% as of 1:11 p.m. EDT, after the defense specialist paired a solid earnings release last night with weak guidance. Analysts had estimated that Kratos would report $0.06 per share in profit for fiscal Q2 2021 -- and it did that. Sales growth in "unmanned systems" -- i.e., drones, Kratos' sexiest segment -- was particularly strong, rising 44%.