Mercury Sys Q2 Adj $(0.42) Misses $0.08 Estimate, Sales $197.46M Miss $214.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems (MRCY) reported a significant miss in both earnings and sales for Q2. Earnings per share were $(0.42), missing the $0.08 estimate by 625%, and sales were $197.46M, missing the $214.44M estimate by 7.92%. This represents a 261.54% decrease in earnings and a 13.99% decrease in sales from the same period last year.
February 06, 2024 | 9:04 pm
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NEGATIVE IMPACT
Mercury Systems reported a significant miss in Q2 earnings and sales, with EPS at $(0.42) and sales at $197.46M, both below estimates.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a substantial decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price of Mercury Systems in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100