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Comtech: Fiscal 4Q Earnings Snapshot

September 29, 2020 GMT

MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Tuesday reported fiscal fourth-quarter net income of $1.1 million.

The Melville, New York-based company said it had net income of 4 cents per share.

The communications company posted revenue of $149.7 million in the period.

For the year, the company reported profit of $7 million, or 28 cents per share. Revenue was reported as $616.7 million.

Comtech expects full-year revenue in the range of $610 million to $630 million.

Comtech shares have declined 60% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.05, a decrease of 57% 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