Tessco: Fiscal 1Q Earnings Snapshot
HUNT VALLEY, Md. (AP) _ Tessco Technologies Inc. (TESS) on Monday reported a fiscal first-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hunt Valley, Maryland-based company said it had a loss of 29 cents. Losses, adjusted for restructuring costs, came to 23 cents per share.
The wireless communications company posted revenue of $130.7 million in the period.
Tessco shares have risen 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.32, a decrease of 3% in the last 12 months.