TESSCO Technologies (TESS) Raises Full-Year Guidance
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TESSCO Technologies Incorporated (Nasdaq: TESS) announced insight into its second quarter and increased fiscal year guidance, and provided an update on stock repurchase activity for the second quarter.
TESSCO Technologies expects its second quarter, which ends September 28, 2008, to be the third consecutive quarter of record earnings per share. In addition, the earnings guidance range for the fiscal year ending March 29, 2009 is increased to $1.35 - $1.50 per share from the previously provided $1.25 - $1.40 per share. Last fiscal year's earnings per share was $0.88.
TESSCO Technologies Incorporated is a provider of the product and supply chain solutions needed to build, operate and use wireless systems.
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