09:44 AM EDT, 08/06/2024 (MT Newswires) -- V2X (VVX) stock was 7.4% higher in recent Tuesday trading after the company posted higher fiscal Q2 revenue and raised its fiscal 2024 sales guidance.

The company reported fiscal Q2 adjusted earnings of $0.83 per diluted share, down from $1.10 a year earlier.

Analysts polled by Capital IQ expected $0.87.

Revenue for the quarter ended June 28 was $1.07 billion, up from $977.9 million a year earlier.

Analysts surveyed by Capital IQ expected $1.02 billion.

For fiscal 2024, the company said it continues to expect adjusted diluted EPS in the range of $3.85 to $4.20. Analysts polled by Capital IQ expect $4.09.

Revenue for the year is now expected to range between $4.18 billion and $4.28 billion, up from the prior guidance range of $4.10 billion to $4.20 billion, V2X said. Analysts surveyed by Capital IQ expect $4.18 billion.

Price: 50.54, Change: +3.49, Percent Change: +7.42