Comtech Telecom (CMTL) Tops Q4 EPS by 2c; Guides In-Line

Comtech Telecom (NASDAQ: CMTL) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $147.8 million versus the consensus estimate of $150.57 million.

In commenting on the Company's performance during the fourth quarter of fiscal 2017, Fred Kornberg, President and Chief Executive Officer, noted "Fiscal 2017 was a very busy year for our Company. With our fourth quarter fiscal 2017 performance, we solidified a strong finish to what turned out to be a successful year for Comtech. I am extremely optimistic about our growth prospects and believe that fiscal 2018 will be even better."

GUIDANCE:

Comtech Telecom sees FY2018 EPS of $0.41-$0.44, versus the consensus of $0.41. Comtech Telecom sees FY2018 revenue of $555-575 million, versus the consensus of $566.8 million.

For earnings history and earnings-related data on Comtech Telecom (CMTL) click here.

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