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ROUND ROCK, Texas Kratos Defense & Security Solutions Inc. (KTOS) on Wednesday reported first-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Round Rock, Texas-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The military contractor posted revenue of $194.2 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $189.6 million.
Global C5ISR Market to be Driven by Advancement in Defense Solutions in the Forecast Period of 2021-2026 texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Interest in space-related investments takes off with new ETFs Gillian Livingston Published April 13, 2021
A model of the Orion capsule, which will be tasked with the mission of delivering NASA astronauts to the Moon in 2024 and to Mars at a future date. Orion is manufactured by Lockheed Martin, which is included in several space-focused ETFs. (Photo by Jason Connolly / AFP) JASON CONNOLLY/AFP/Getty Images
JASON CONNOLLY/AFP/Getty Images
Space may be “the final frontier,” but it’s becoming easier for financial advisors and their clients to invest in humankind’s desire to explore beyond Earth’s atmosphere.
Three new exchange-traded funds (ETFs) focused on investing in space-oriented equities have launched in the past few weeks. The first was ARK Space Exploration & Innovation ETF ARKX-A from New York-based ARK Investment Management LLC, led by Catherine Wood. It started trading on March 30 and already has US$351-million in assets under management (AUM). Its managemen
Kratos Defense & Security Solutions Inc.
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