Kratos Defense & Security Q2 2024 Adj. EPS $0.14 Beats $0.08 Estimate, Sales $300.100M Beat $276.214M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security (NASDAQ:KTOS) reported Q2 2024 adjusted EPS of $0.14, beating the $0.08 estimate by 75%. Sales were $300.1M, surpassing the $276.214M estimate by 8.65%. This represents a 55.56% increase in EPS and a 16.82% increase in sales compared to the same period last year.
August 07, 2024 | 8:03 pm
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Kratos Defense & Security reported strong Q2 2024 earnings, with EPS of $0.14 beating estimates by 75% and sales of $300.1M exceeding expectations by 8.65%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, suggests positive market sentiment and potential short-term price appreciation for KTOS.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100