Firefly Shares Climb After Q4 Double Beat

Firefly Aerospace Inc. (NASDAQ: FLY) shares rose 6.75% to $24.51 following the release of its fourth-quarter financial results, which exceeded expectations. The company reported adjusted earnings per share of 38 cents, below the consensus estimate of 47 cents, and revenue of $57.67 million, surpassing the expected $52.35 million. Firefly ended the quarter with $792.97 million in cash and cash equivalents and highlighted progress in key programs, including contracts for space control software and advancements in its spacecraft projects.