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Why Kratos Stock Is Soaring Today

Lou Whiteman, The Motley Fool
·2-min read
Why Kratos Stock Is Soaring Today

Defense contractor Kratos Defense & Security Solutions (NASDAQ: KTOS) posted solid results for the last three months of 2022, and management optimism about 2023 was strong enough to prompt an analyst upgrade. Investors are excited, sending shares of Kratos up as much as 19% on Friday morning. The company earned $0.08 per share in the most recent quarter, matching analyst expectations, on revenue that at $249.3 million beat the consensus estimate by about $7 million.

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