06:18 AM EDT, 05/08/2024 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) reported fiscal Q1 adjusted earnings late Tuesday of $0.11 per diluted share, up from $0.06 per share a year earlier.

Analysts surveyed by Capital IQ expected $0.05 earnings per share.

Revenue for the quarter ended March 31 was $277.2 million, up from $231.8 million a year earlier.

Analysts polled by Capital IQ expected $253.9 million.

Kratos said it expects fiscal Q2 revenue of $265 million to $280 million. Analysts polled by Capital IQ are looking for $275.6 million.

Revenue for the current fiscal year is still projected to be $1.13 billion to $1.15 billion, the company said. Analysts surveyed by Capital IQ expect $1.14 billion.

The company's shares were up nearly 2% in recent Wednesday premarket activity.

Price: 19.11, Change: +0.35, Percent Change: +1.87