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Why Kratos Defense Stock Dropped Today

TheMotleyFool

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Why Kratos Defense Stock Dropped TodayPhoto, wide shot, wide-angle lens, Conglomerate, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/95f18fed-a4d6-4069-b489-4d050c74c618.png

Kratos Defense Security (NASDAQ: KTOS) stock slid 5% through 11:35 a.m. ET Thursday, not on any news from Kratos, but perhaps in reaction to an earnings report from Red Cat Holdings (NASDAQ: RCAT) last night.

Analysts forecast Red Cat to lose money in Q4, but not quite as much as it ultimately lost ($0.17 per share, versus $0.14 forecast).

Image source: Getty Images.

Source Fool.com

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