Kratos Defense & Security Solutions reported Q1 EPS of $0.11, beating estimates by $0.06, and revenue up 19.6% YoY to $277.2M.

Kratos Defense & Security Solutions (NASDAQ:KTOS) reported a better-than-expected Q1 EPS of $0.11, beating $0.05 estimates by $0.06. Revenue increased 19.6% YoY to $277.2M, surpassing the consensus estimate of $250.48M. The company saw a 19.5% and 23.8% organic growth in its KGS and Unmanned Systems revenues, respectively. Despite the positive earnings, the company's stock was down 1.3% on Tuesday.