Shares of Mercury have fallen 12%, to $32, this past week after the small-cap defense company reported on Wednesday quarterly adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, of $2M, Nicholas Jasinski writes in this week’s edition of Barron’s. That was down 94% from a year earlier and well below forecasts for $29M. As bad as the numbers were, there are signs of progress, the author argues.
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