Why Aerojet Rocketdyne Holdings Stock Just Jumped 16% [The Motley Fool]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
Last aerojet rocketdyne holdings, inc. earnings: 2/19 04:11 pm
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Source: The Motley Fool
The rocket engine maker nails revenue estimates and astounds on earnings. Rich Smith ( TMFDitty ) Oct 31, 2018 at 1:01PM What happened Shares of Aerojet Rocketdyne Holdings ( NYSE:AJRD ) were up a whopping 16.1% as of 12:15 p.m. EDT on Wednesday. The rocket engine maker reported Q3 earnings yesterday that easily topped estimates. Whereas Wall Street had predicted Aerojet would turn in $0.27 per share in (presumably pro forma ) profits on sales of $498.8 million, Aerojet instead reported a GAAP profit of $0.82 per share -- and nailed its revenue target exactly. Aerojet's year-over-year growth stats are amazing. More amazing still: no red ink! Image source: Getty Images. So what When you consider that one year ago, Aerojet's GAAP earnings were a mere $0.17 per share, yesterday's Q3 results represented a near-fivefold increase in earni
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