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Comtech: Fiscal Q3 Earnings Snapshot
By Ap News - Jun 18, 2024, 08:39 AM ET
Last Updated - Jul 10, 2024, 03:08 AM EDT
Comtech Telecommunications Corp. (CMTL) on Tuesday reported fiscal third-quarter earnings of $2.8 million
CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Comtech Telecommunications Corp. (CMTL) on Tuesday reported fiscal third-quarter earnings of $2.8 million.
On a per-share basis, the Chandler, Arizona-based company said it had net loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
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The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The communications company posted revenue of $128.1 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $136.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CMTL">Zacks stock report on CMTL at https://www.zacks.com/ap/CMTL
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