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Why Kratos Defense Stock Is Falling Today

TheMotleyFool

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Why Kratos Defense Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

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

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