Mercury Systems: Fiscal Q4 Earnings Snapshot – mySA

ANDOVER, Mass. (AP) _ Mercury Systems Inc. (MRCY) on Tuesday reported fiscal fourth-quarter profit of $16.9 million.

On a per-share basis, the Andover, Massachusetts-based company said it had net income of 30 cents. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The maker of processing systems and software posted revenue of $289.7 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $307.8 million.

For the year, the company reported profit of $11.3 million, or 20 cents per share. Revenue was reported as $988.2 million.

For the current quarter ending in October, Mercury Systems expects its per-share earnings to range from 19 cents to 23 cents.

The company said it expects revenue in the range of $215 million to $225 million for the fiscal first quarter.

Mercury Systems expects full-year earnings in the range of $1.96 to $2.17 per share, with revenue ranging from $1 billion to $1.05 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRCY at https://www.zacks.com/ap/MRCY

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