Mercury Computer Systems (MRCY) Misses Q2 EPS by 3c

Mercury Computer Systems (NASDAQ: MRCY) reported Q2 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $57.1 million versus the consensus estimate of $56.36 million.

Mercury's total backlog relating to continuing operations at December 31, 2014 was $192.1 million, a $65.1 million increase compared to December 31, 2013. Of the December 31, 2014 total backlog, $148.3 million represents orders expected to be shipped over the next 12 months. The defense backlog at December 31, 2014 was $178.6 million, a $69.5 million increase from December 31, 2013.

Bookings for the second quarter of fiscal 2015 were $44.0 million, a 7% decrease compared to $47.4 million for the second quarter of fiscal 2014. The total book-to-bill ratio was 0.8 for the second quarter of fiscal 2015, compared to 0.9 for the second quarter of fiscal 2014. Bookings for the first half of fiscal 2015 were $129.1 million, a 39% increase compared to $92.6 million for the first half of fiscal 2014. The total book-to-bill ratio was 1.2 for the first half of fiscal 2015, compared to 0.9 for the first half of fiscal 2014.

For earnings history and earnings-related data on Mercury Computer Systems (MRCY) click here.

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