Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mercury Systems, Onsemi, BioNTech, and BioVie and Encourages Investors to Contact the Firm

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. META
3. ABBV
4. SPY
5. FDX
6. IBM
7. MU
8. PFE
9. ACN
10. USO

Go back to Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mercury Systems, Onsemi, BioNTech, and BioVie and Encourages Investors to Contact the Firm

Mercury Systems (MRCY) plunges as revenue hit by program cost growth

February 7, 2024 8:19 AM EST

Mercury Systems (NASDAQ: MRCY) shares plunged more than 15% premarket Wednesday after the company's latest quarterly results missed consensus expectations, while guidance

MRCY posted a second-quarter loss per share of ($0.42), $0.49 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $197.5 million versus the consensus estimate of $212.83 million.

The company also reported total bookings for the second quarter of $325.4 million, yielding a book-to-bill ratio of 1.65.

Chief executive Bill Ballhaus said the second quarter of the "transitional year" saw the company focus on the two dynamics in the business they believe... More