Mercury Systems (MRCY) Tops Q4 EPS by 15c; Guides Q1 Above the Street

Mercury Systems (NASDAQ: MRCY) reported Q4 EPS of $0.29, $0.15 better than the analyst estimate of $0.14. Revenue for the quarter came in at $85.4 million versus the consensus estimate of $69.51 million.

"The fourth quarter of fiscal 2016 was marked by several major accomplishments for Mercury," stated Mark Aslett, Mercury’s President and Chief Executive Officer. "During the quarter we completed the largest acquisition in the Company’s history, and also completed two significant financing transactions – one involving equity and the other debt - to facilitate the acquisition as well as support future strategic initiatives. Despite our increased focus on these significant activities during the quarter, the Company once again delivered strong growth in both revenue and profitability, and we finished the year with a record backlog. In all, we are extremely pleased with the way the year closed out and our prospects as we look forward," said Aslett.

GUIDANCE:

Mercury Systems sees Q1 2017 EPS of $0.19-$0.23, versus the consensus of $0.13. Mercury Systems sees Q1 2017 revenue of $82-87 million, versus the consensus of $85.2 million.

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

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