🔴 Mercury Systems is trading 8.19% down in pre-market after adjusted EPS missed expectations

Mercury Systems is trading 8.19% down now at $92.95 after fiscal fourth-quarter adjusted EPS missed expectations.

• Adjusted EPS reached $0.37, below the $0.39 consensus estimate
• Revenue beat estimates, while bookings surged 93.1% to $660 million
• Record backlog exceeded $1.9 billion, but profitability concerns drove the selloff