Q2 recap benchmarks Byrna against aerospace and defense sector performance.
Context
What happened: A Q2 recap of 33 aerospace and defense stocks highlighted Byrna (NASDAQ:BYRN), whose revenue fell short of analyst estimates, and Huntington Ingalls (NYSE:HII), which beat expectations.
Key numbers: Byrna revenue $16.39 million, down 42.5% year on year, missing estimates by 26.3%; stock down 40.9% since reporting, trading at $3.51.
Why it matters: Byrna posted the weakest estimate performance and slowest revenue growth in the group, with its CEO saying results did not reflect the performance the company can deliver. Huntington Ingalls had a strong quarter with an EPS beat.
What changed
A Q2 recap of 33 aerospace and defense stocks highlighted Byrna (NASDAQ:BYRN), whose revenue fell short of analyst estimates, and Huntington Ingalls (NYSE:HII), which beat expectations.
Why it matters
Byrna posted the weakest estimate performance and slowest revenue growth in the group, with its CEO saying results did not reflect the performance the company can deliver. Huntington Ingalls had a strong quarter with an EPS beat.