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Mercury Systems: Fiscal 1Q Earnings Snapshot

·1 min read

ANDOVER, Mass. (AP) _ Mercury Systems Inc. (MRCY) on Tuesday reported fiscal first-quarter profit of $15.8 million.

On a per-share basis, the Andover, Massachusetts-based company said it had profit of 29 cents. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The maker of processing systems and software posted revenue of $205.6 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $199.4 million.

For the current quarter ending in January, Mercury Systems expects its per-share earnings to range from 48 cents to 51 cents.

The company expects full-year earnings in the range of $2.20 to $2.28 per share.

Mercury Systems shares have climbed nearly 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $74.36, an increase of nearly 6% 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 MRCY at https://www.zacks.com/ap/MRCY