Kratos Q4 Loss Narrows

(RTTNews) - Kratos Defense & Security Solutions, Inc. (KTOS) reported a net loss for the fourth quarter of $2.2 million or $0.04 per share, compared to a net loss of $7.4 million or $0.13 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $6.1 million or $0.11 per share.

Total revenue for the fourth quarter fell to $221.5 million from $235.7 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.07 per share on revenue of $231.68 million for the fourth quarter. Analysts' estimates typically exclude special items.

Kratos said its Board of Directors continues to work with an investment banking firm to assist it in formally reviewing the company's businesses, markets and competitive positioning and in evaluating strategic alternatives, including the potential divestment of certain of the company's businesses.