Mercury Systems: Fiscal Q1 Earnings Snapshot

ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Mercury Systems Inc. (MRCY) on Tuesday reported fiscal first-quarter net income of $13.1 million.

The Andover, Massachusetts-based company said it had net income of 21 cents per share. Earnings, adjusted for one-time gains and costs, were 52 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The maker of processing systems and software posted revenue of $253.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $244.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRCY at https://www.zacks.com/ap/MRCY