Mercury Systems is trading $98 (-5.48%) after investors focused on its fiscal fourth-quarter adjusted EPS miss despite record bookings and a strong revenue beat.
- Adjusted EPS was $0.37, below consensus estimates of $0.38–$0.39
- Revenue reached $289.8 million, beating estimates; bookings surged to $660 million, and backlog exceeded $1.9 billion
- The earnings-related decline follows an additional 7.37% drop on August 18.