V2X, Inc. (VVX) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $8.11 million, or $0.25 per share. This compares with $1.14 million, or $0.04 per share, last year.
Excluding items, V2X, Inc. reported adjusted earnings of $31.48 million or $0.98 per share for the period.
Analysts on average had expected the company to earn $0.93 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.5% to $1.015 billion from $1.010 billion last year.
V2X, Inc. earnings at a glance (GAAP) :
-Earnings: $8.11 Mln. vs. $1.14 Mln. last year.
-EPS: $0.25 vs. $0.04 last year.
-Revenue: $1.015 Bln vs. $1.010 Bln last year.
-Guidance:
Full year EPS guidance: $4.45 - $$4.85
Full year revenue guidance: $4,375 - $4,500 Mln
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