KEYW Holding (KEYW) Tops Q4 EPS by 2c; Will Explore Options for Commercial Cyber Solutions Business

KEYW Holding (NASDAQ: KEYW) reported Q4 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $75 million versus the consensus estimate of $75.97 million.

As a result of a strategic review of its performance over the last two quarters, the company decided to explore strategic alternatives for its commercial cyber solutions business, Hexis Cyber Solutions. KEYW is in the advanced stages of this process and anticipates announcing the results of the process in the coming weeks. In the meantime, the company announced that it has reduced operating expenses at Hexis Cyber Solutions in the month of January 2016 at a $10 million annual run-rate.

For earnings history and earnings-related data on KEYW Holding (KEYW) click here.

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