Vectrus: 1Q Earnings Snapshot
Vectrus: 1Q Earnings Snapshot
COLORADO SPRINGS, Colo. (AP) _ Vectrus Inc. (VEC) on Tuesday reported first-quarter profit of $7.1 million.
The Colorado Springs, Colorado-based company said it had profit of 62 cents per share. Earnings, adjusted for non-recurring costs, were 69 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The government services company posted revenue of $325.9 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $325.7 million.
Vectrus expects full-year earnings to be $3.07 to $3.51 per share, with revenue in the range of $1.3 billion to $1.33 billion.
Vectrus shares have risen 89% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.89, a rise of 17% 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 VEC at https://www.zacks.com/ap/VEC