Kratos Defense Posts Double Beat in Q2, Business Momentum Expected to Accelerate

Kratos Defense & Security Solutions Inc (NASDAQ: KTOS ) reported financial results for the second quarter after the market close on Tuesday. Here’s what you need to know from the print. Kratos Defense & Security stock is charging ahead with momentum. What’s fueling KTOS stock? Kratos Q2 Earnings Highlights Kratos reported second-quarter revenue of $458.80 million, beating analyst estimates of $410.38 million, according to Pro. The defense company posted adjusted earnings of 21 cents per share for the quarter, beating estimates of 14 cents per share. Total revenue was up 30.50% on a year-over-year basis. The company said it experienced 8.10% organic growth in its Unmanned Systems segment and 22% organic growth in its Government Solutions segment. Kratos reported a consolidated backlog of $2.08 billion, and a bid and proposal pipeline of $15 billion at quarter’s end. T...