Vectrus: Q1 Earnings Snapshot
COLORADO SPRINGS, Colo. (AP) _ Vectrus Inc. (VEC) on Tuesday reported first-quarter profit of $2.9 million.
On a per-share basis, the Colorado Springs, Colorado-based company said it had profit of 24 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.01 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The government services company posted revenue of $456.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $426.2 million.
Vectrus expects full-year earnings in the range of $4.57 to $4.93 per share, with revenue in the range of $1.82 billion to $1.86 billion.