Trading Volume Spiked Following These 2 Reports
Comtech Telecommunications Corp. (NASDAQ:CMTL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 48.15% to $0.14 in the quarter versus EPS of $0.27 in the year-earlier quarter. Revenue Decreased 24.77% to $74.58 million from the year-earlier quarter.
Comtech Telecommunications Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.11. It missed the average revenue estimate of $77.12 million.