MRCY Stock Recent News

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 250 points on Wednesday.

Aerospace and defense specialist Mercury Systems (NASDAQ: MRCY ) — which offers advanced components, circuits, semiconductors and modules, among many other product categories — saw its shares skyrocket over 20% on Wednesday. Encouraging results tied to its fiscal fourth-quarter earnings disclosure are catapulting sentiment.

Mercury reversed a series of quarterly disappointments, easily topping expectations. The company has made progress weeding out difficult product lines and is well positioned for further gains.

Mercury Systems' (MRCY) fiscal Q4 top-line results reflect progress in key areas, including risk mitigation on challenged programs and resuming pilot production for common processing architecture.

While the top- and bottom-line numbers for Mercury Systems (MRCY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mercury Systems, Inc. (NASDAQ:MRCY ) Q4 2024 Earnings Call Transcript August 13, 2024 5:00 PM ET Company Participants Dave Farnsworth - EVP and CFO Bill Ballhaus - Chairman and CEO Conference Call Participants Pete Skibitski - Alembic Global Jonathan Ho - William Blair Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Securities Sheila Kahyaoglu - Jefferies Jan-Frans Engelbrecht - Baird Noah Poponak - Goldman Sachs Operator Good day, everyone, and welcome to the Mercury Systems Fourth Quarter Fiscal 2024 Conference Call. Today's call is being recorded.

Mercury Systems (MRCY) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to earnings of $0.11 per share a year ago.

ANDOVER, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the fourth quarter and fiscal year 2024, ended June 28, 2024.

ANDOVER, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Brad Whittington as its Senior Vice President of Engineering, effective Aug. 12, 2024.

Mercury Systems, Inc. MRCY is expected to release earnings results for its fourth quarter, after the closing bell on Tuesday, Aug. 13.