1 week ago
Mercury Systems, Inc. (MRCY) Stock: Drops Sharply After Q4 Earnings Despite Record $290 Million Revenue
TLDR Mercury Systems stock plunges after Q4 earnings despite record $290M revenue. MRCY drops 14.29% after hours as quarterly earnings weaken despite record sales. Mercury Systems posts record $660M bookings as backlog climbs above $1.9B. MRCY reports $290M quarterly revenue but adjusted EPS falls to $0.37. Mercury Systems raises its organic growth outlook after record [...]
The post Mercury Systems, Inc. (MRCY) Stock: Drops Sharply After Q4 Earnings Despite Record $290 Million Revenue appeared first on Blockonomi.
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