Mercury Systems (NASDAQ: MRCY) reported Q2 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $98 million versus the consensus estimate of $93.21 million.

Adjusted earnings per share were $0.30 per share for the second quarter of fiscal 2017, compared to $0.23 per share in the second quarter fiscal 2016

GUIDANCE:

Mercury Systems sees FY2017 EPS of $0.49-$0.54, versus the consensus of $0.51. Mercury Systems sees FY2017 revenue of $377-384 million, versus the consensus of $380.78 million.

For the full 2017 fiscal year, before adding the impact of CES, we now expect revenue to be between $377 million to $384 million, up from our prior expectation of $370 million to $380 million. Including CES, total revenue for fiscal 2017 is expected to be approximately $393 million to $400 million, with total GAAP net income of $19.4 million to $21.4 million, or $0.49 to $0.54 per share. Total company adjusted EBITDA for the full fiscal year is now expected to be approximately $87.5 million to $90.5 million, representing approximately 22.3% to 22.6% of revenue. Adjusted EPS for fiscal 2017 is now expected to be approximately $1.09 to $1.14 per share, assuming an effective tax rate of 35%

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