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Why Kratos Stock Dropped Today

TheMotleyFool

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Shares of Kratos Defense Security Solutions (NASDAQ: KTOS) declined by 14% on Wednesday after the drone maker's earnings projections fell short of Wall Street's expectations.

The XQ-58 Valkyrie. Image source: Kratos Defense Security Solutions.

Kratos' third-quarter revenue climbed by 26% year over year to $347.6 million. The gains were driven by a 36% jump in unmanned systems revenue to $87.2 million, and a 23% increase in government solutions revenue to $260.4 million.

Source Fool.com

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