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Kratos reports 3Q loss

SAN DIEGO (AP) _ Kratos Defense & Security Solutions Inc. (KTOS) on Thursday reported a loss of $4.3 million in its third quarter.

The San Diego-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.

The military contractor posted revenue of $196.2 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $186.3 million.

Kratos expects full-year revenue in the range of $735 million to $745 million.

Kratos shares have increased 62 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.98, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KTOS at https://www.zacks.com/ap/KTOS