EL SEGUNDO, Calif. (AP) _ Aerojet Rocketdyne Holdings Inc. (AJRD) on Monday reported second-quarter profit of $39.2 million.
On a per-share basis, the El Segundo, California-based company said it had profit of 47 cents.
The aerospace and defense company posted revenue of $512.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $501 million.
Aerojet Rocketdyne shares have dropped 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $36.81, a decline of 16% in the last 12 months.