Shares of Kratos Defense & Security Solutions (NASDAQ: KTOS) rallied 5.27% in the night session on Tuesday, following a strong fourth-quarter earnings report and optimistic growth projections.
The aerospace and defense company reported impressive financial results for Q4 2024, including a 9.1% organic revenue growth for the full year and over $45 million in cash flow from operations in the fourth quarter. Kratos also beat quarterly profit estimates and reported solid book-to-bill ratios, indicating healthy demand for its products and services.
Additionally, Kratos provided an upbeat outlook, forecasting an organic revenue growth of 10% in fiscal 2025 and an even higher growth rate of 13% to 15% for 2026. The company's strong performance and positive guidance fueled investor confidence, driving the stock's surge in the night session.
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