Why Mercury Systems Stock Is Down Today

Mercury Systems (NASDAQ: MRCY) beat earnings expectations but disappointed on guidance. Investors were more focused on what is coming up ahead, sending shares down 15% on Wednesday morning.

Mercury, a maker of electronics, subsystems, and related software for the aerospace and defense industry, reported adjusted fiscal fourth-quarter earnings of $0.73 per share on revenue of $250.8 million, beating analyst expectations for $0.67 per share in earnings on sales of $243 million.

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Source Fool.com