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Mercury Systems Smashes Q1 Earnings, Shares Surge
Published 2 days, 5 hours ago
Description
Mercury Systems soars with Q1 earnings, beating estimates by a wide margin. Revenue surged to $235.8M, adjusted EPS hit $0.27, and adjusted EBITDA reached $36.09M. Operating margins flipped positive, and backlog jumped 19.4% to $1.6B. Organic growth driven by production ramps and operations tweaks. Shares spiked from $82.96 to $91.98 post-earnings.
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