Comtech: Fiscal 4Q Earnings Snapshot
MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Wednesday reported fiscal fourth-quarter net income of $7.5 million.
The Melville, New York-based company said it had profit of 31 cents per share. Earnings, adjusted for pretax expenses, were 40 cents per share.
The communications company posted revenue of $167.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $172.7 million.
For the year, the company reported profit of $29.8 million, or $1.24 per share. Revenue was reported as $570.6 million.
Comtech expects full-year earnings to be 89 cents to $1.10 per share, with revenue in the range of $600 million to $625 million.
Comtech shares have increased 65 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.50, a climb of 79 percent in the last 12 months.