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KTOS - Why Kratos Defense Stock Just Cratered 13.5%
Kratos Defense & Security Solutions Inc.
Shares of military drone maker Kratos Defense & Security Solutions (NASDAQ: KTOS) are falling today, down by 13.5% as of 1:11 p.m. EDT, after the defense specialist paired a solid earnings release last night with weak guidance.
Analysts had estimated that Kratos would report $0.06 per share in profit for fiscal Q2 2021 -- and it did that. Moreover, analysts had forecast that sales would be only $199 million for the quarter, but Kratos posted more than $205 million in revenue.