Earnings topped expectations, but third-quarter estimates disappointed. Defense tech company Kratos Defense & Security Solutions (KTOS -3.54%) reported a better-than-expected quarter, but it appears that at least some of that outperformance came at the expense of the months to come. Shares of Kratos fell 11% at the open Thursday before recovering slightly, trading down 5% as of 10:30 Eastern. Choppy quarter-to-quarter sales Kratos is a defense contractor focused on unmanned aerial vehicles and defense elect ...

Kratos Defense & Security Solutions, Inc. (KTOS) reported second-quarter 2024 adjusted earnings of 14 cents per share, up 55.6% from 9 cents reported in the prior-year quarter. The bottom line also surpassed the Zacks Consensus Estimate of 8 cents by 75%. Kratos Defense reported GAAP earnings of 5 cents per share against a loss of 2 cents in the second quarter of 2023. Total Revenues Total revenues were $300.1 million, which surpassed the Zacks Consensus Estimate of $277 million by 8%. The figure also incre ...

Kratos (KTOS) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this military contractor would post earnings of $0.05 per share when it actually produced earnings of $0.11, delivering a surprise of 120%. Over the last four quarters, the company h ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Kratos (KTOS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question. Within the past quarter, the Zacks Consensus Estimate for KTOS' full-year earnings has moved 14.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. To break t ...

FARNBOROUGH, United Kingdom, July 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that GE Aerospace (NYSE:GE) and Kratos Turbine Technologies, a division of Kratos Defense & Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), collaborative co ...

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Kratos (KTOS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question. The Zacks Rank is a proven model that highlights a variety of stocks with the right c ...

SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced the successful demonstration of the second of three Valkyrie launch methods: the Kratos Trolley Launch System (KTLS). The KTLS enables the Valkyrie to take off from traditional runways or straight roads, without requiring Rocket Assist Take Off (RATO) or other acceleration producing devices. The KTLS is unpowered with ta ...

SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos' Defense & Rocket Support Systems (DRSS) Division, supported the Missile Defense Agency (MDA) and the Naval Surface Warfare Center (NSWC), in the successful launch and flight of the Kratos Erinyes™ Hypersonic Test Bed, on June 12, 2024, from the ...

SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in Defense, National Security and Global Markets, today announced the addition of Claire Burghoff to its corporate team as the Vice President of Government Affairs & Corporate Communications. In this role, Claire will lead corporate communications for Kratos and will support the company's strategic initiatives in government affairs, leveraging her extensive experience and ability to mar ...

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