AP NEWS

Comtech: Fiscal 4Q Earnings Snapshot

September 24, 2019

MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Tuesday reported fiscal fourth-quarter earnings of $6.1 million.

The Melville, New York-based company said it had profit of 25 cents per share.

The communications company posted revenue of $176.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $164.8 million.

For the year, the company reported profit of $25 million, or $1.03 per share. Revenue was reported as $671.8 million.

Comtech expects full-year earnings in the range of $1.35 to $1.50 per share, with revenue in the range of $710 million to $730 million.

Comtech shares have climbed 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.82, a drop of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMTL at https://www.zacks.com/ap/CMTL