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Aerojet Rocketdyne: 1Q Earnings Snapshot

EL SEGUNDO, Calif. (AP) _ Aerojet Rocketdyne Holdings Inc. (AJRD) on Tuesday reported first-quarter earnings of $38.7 million.

On a per-share basis, the El Segundo, California-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring gains, came to 44 cents per share.

The aerospace and defense company posted revenue of $491.7 million in the period.

Aerojet Rocketdyne shares have dropped 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.84, a climb of 21% 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 AJRD at https://www.zacks.com/ap/AJRD