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Update: Mercury Systems Shares Fall After Fiscal Q4 Adjusted Earnings Miss

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(Updates with stock price movement in the headline and the first paragraph.)

Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.

The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.

Analysts polled by FactSet expected $0.38.

Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.

Analysts expected $266.1 million.

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