Here are the key financial results for Kratos Defense & Security Solutions, Inc. for the third quarter:
- **Earnings:** The company reported a net income of $3.2 million for Q3, a significant improvement from a net loss of $1.6 million in the same quarter the previous year.
- **Earnings Per Share (EPS):** EPS was $0.02 in Q3, compared to a loss of $0.01 per share in the same period last year.
- **Adjusted Earnings:** Excluding special items, adjusted earnings were $17.2 million, translating to $0.11 per share. This exceeded analysts' expectations, who had projected earnings of $0.08 per share.
- **Revenue:** The company posted revenues of $275.9 million for Q3, up slightly from $274.6 million in the same period last year.
**Forward Guidance:**
- For the next quarter, Kratos anticipates revenue to be in the range of $270 million to $295 million.
- For the full year, the company projects revenue between $1.125 billion and $1.150 billion.