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Comtech: Fiscal 1Q Earnings Snapshot

December 6, 2018

MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Thursday reported fiscal first-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier.

The Melville, New York-based company said it had net income of 14 cents per share. Earnings, adjusted for non-recurring costs, came to 22 cents per share.

The communications company posted revenue of $160.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $127.4 million.

Comtech expects full-year earnings to be 95 cents to $1.08 per share, with revenue in the range of $625 million to $640 million.

Comtech shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.40, a climb of 22 percent 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

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