Defense Contractors Q1 Recap: KBR Revenue Beats but Stock Falls 16.6%

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

KBR reported first-quarter revenues of $1.92 billion, down 4.7% year on year but exceeding analyst expectations by 2.8%, in what was an exceptional quarter with a solid beat on EBITDA estimates. The company achieved the highest full-year guidance raise among the 13 defense contractors tracked, yet had the slowest revenue growth of the group. Its stock has fallen 16.6% since reporting, trading at $32.25. Mercury Systems posted the best performance, with revenues of $235.8 million up 11.5% year on year and a 14.2% beat, sending its stock up 27.2% to $105.50. Lockheed Martin had the weakest quarter, with flat revenues of $18.02 billion missing estimates by 0.9% and its stock down 8.8% to $506.43. Leidos reported revenues of $4.4 billion, up 3.7% and beating by 2.8%, but its stock dropped 32.3% to $100.68. General Dynamics saw revenues of $13.48 billion, up 10.3% and beating by 5.9%, with its stock up 9.5% to $343.44.