11:19 AM EDT, 08/14/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Mercury Systems' ( MRCY ) shares jumped over 21% in recent trading Wednesday, a day after the company's fiscal Q4 adjusted earnings and revenue beat consensus.

The company reported fiscal Q4 adjusted earnings late Tuesday of $0.23 per share, up from $0.11 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.04.

Revenue in the quarter ended June 28 was $248.6 million, down from $253.2 million a year earlier.

Analysts surveyed by Capital IQ expected $230.5 million.

Price: 41.29, Change: +7.29, Percent Change: +21.43