Aerojet Rocketdyne Rises 14% As Earnings Beat View

(RTTNews) - Aerojet Rocketdyne Holdings, Inc. (AJRD) shares are rising more than 14 percent as the company's quarterly earnings surpassed the Street estimates.

The company reported net income of $39.2 million or $0.47 per share, down from $44.1 million or $0.54 in the prior year. On an adjusted basis, earnings were $38.5 or $0.46 per share. Analysts on average were looking for earnings of 0.45 per share.

Net sales for the second quarter climbed to $512.4 million from $485.0 million in the prior year. Street analysts were looking for sales at $516.23 million. AJRD is currently at $42.06, up 14.28 percent from its previous close of $36.81.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More