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Kratos reports 4Q loss

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

The San Diego-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The military contractor posted revenue of $182.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $177.4 million.

For the year, the company reported a loss of $60.5 million, or 99 cents per share, swinging to a loss in the period. Revenue was reported as $668.7 million.

Kratos expects full-year revenue in the range of $700 million to $720 million.

Kratos shares have climbed 18 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.76, 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


Keywords: Kratos, Earnings Report