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Why Kratos Defense Stock Popped Today

TheMotleyFool

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Why Kratos Defense Stock Popped Today: https://g.foolcdn.com/editorial/images/828675/soldier-operating-quadcopter-drone-against-a-sunset.jpg

Mid-cap defense stock and military drone specialist Kratos Defense Security Solutions (NASDAQ: KTOS) soared 9.4% through 11:50 a.m. ET Friday after the company reported a substantial earnings beat last night.

Heading into the report, analysts forecast Kratos would earn $0.09 per share on sales of $305.8 million, but Kratos reported an $0.11-per-share profit and sales of $351.5 million.

Image source: Getty Images.

Source Fool.com

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