Kratos Defense & Security Stock Drops Despite Q1 Earnings Beat
Kratos Defense & Security (KTOS) stock fell 5.3% despite reporting better-than-expected Q1 earnings and revenue. The company reported $0.16 per share in pro forma earnings and $371 million in sales, but GAAP earnings were only $0.07 per share, and free cash flow remained negative at $47.3 million.
Tickers: $KTOS