Tessco Technologies (TESS) Misses Q1 EPS by 1c, Beats on Revenues

Tessco Technologies (NASDAQ: TESS) reported Q1 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $140 million versus the consensus estimate of $126.68 million.

First-Quarter Highlights:

• Revenue increased 9% year over year to $140.0 million; third straight quarter of year-over-year growth
• Public carrier market sales grew 60% compared with last year’s first quarter
• All markets except government grew year-over-year and sequentially
• $0.08 EPS and $0.27 EBITDA per share*; second straight quarter of year-over-year growth
• Investments in working capital made to support growing public carrier sales
• Declared quarterly dividend of $0.20 per share

For earnings history and earnings-related data on Tessco Technologies (TESS) click here.

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