Tessco Technologies (TESS) Misses Q3 EPS by 6c, Beats on Revenues

Tessco Technologies (NASDAQ: TESS) reported Q3 EPS of $0.19, $0.06 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $146.3 million versus the consensus estimate of $144 million.

Third-Quarter Highlights:

• Revenue of $146.3 million
• Revenue growth in government, value-added reseller and private system operator markets
• Overall expense management contributed to operating margin of 1.5%, compared with 1.4% in the third quarter of fiscal 2017
• Recorded benefit from new federal tax law of approximately $0.3 million
• $0.19 EPS and $0.38 EBITDA per diluted share*
• Company expects a profitable fourth quarter for the first time in three years, with year-over-year double-digit fourth-quarter revenue growth
• 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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