Why Kratos Defense Stock Is Falling Today
Defense tech company Kratos Defense Security Solutions (NASDAQ: KTOS) 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.
Kratos is a defense contractor focused on unmanned aerial vehicles and defense electronics. The company earned $0.14 per share in the quarter on revenue of $300.1 million, easily topping Wall Street's forecast for $0.08 per share in earnings on sales of $276 million.
Source Fool.com
