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Mercury Systems: Fiscal Q2 Earnings Snapshot

ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Mercury Systems Inc. (MRCY) on Tuesday reported a loss of $15.1 million in its fiscal second quarter.

The Andover, Massachusetts-based company said it had a loss of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The maker of processing systems and software posted revenue of $232.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $207.4 million.

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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 MRCY at https://www.zacks.com/ap/MRCY

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updated by pwenzel 3:13pm
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