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Why Kratos Defense Stock Just Cratered 13.5%

TheMotleyFool

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Why Kratos Defense Stock Just Cratered 13.5%Photo, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png

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.

Image source: Getty Images.

Source Fool.com

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