Mercury Systems, Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Mercury Systems, Inc (MRCY) announced earnings for its fourth quarter that increased from last year.

The company's bottom line totaled $10.10 million, or $0.21 per share. This compares with $8.80 million, or $0.19 per share, in last year's fourth quarter.

Excluding items, Mercury Systems, Inc reported adjusted earnings of $22.25 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 32.2% to $152.87 million from $115.61 million last year.

Mercury Systems, Inc earnings at a glance:

-Earnings (Q4): $22.25 Mln. vs. $15.42 Mln. last year. -EPS (Q4): $0.47 vs. $0.32 last year. -Analysts Estimate: $0.42 -Revenue (Q4): $152.87 Mln vs. $115.61 Mln last year.