‘Challenged Programs’ Still Dogging Mercury Systems
Mercury Systems logged a huge net loss in the January-March quarter, but remains optimistic about exiting its "challenged programs" soon.
Credit: SOPA Images Ltd./Alamy Stock Photo
Mercury Systems (MRCY) has been in the red for so long that a profitable quarter would come as a pleasant surprise. Alas, the main surprise in the defense microelectronics manufacturer’s third-quarter fiscal 2024 earnings report was a net loss of $44.6 million, well above a consensus estimate of $4...
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