Comtech Telecom (CMTL) Tops Q3 EPS by 27c

Comtech Telecom (NASDAQ: CMTL) reported Q3 EPS of $0.26, $0.27 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $139.4 million versus the consensus estimate of $140.39 million.

Commenting on the Company's third quarter fiscal 2021 performance, Fred Kornberg, Chairman of the Board and Chief Executive Officer, stated, "Thanks to the hard work of all of our team members, we achieved solid operating performance and have recently secured important contract awards that bode well for our future. We are continuing to invest in new state-of-the-art production and engineering facilities as well as new next-generation wireless technology solutions that we believe our customers will want in the post-COVID-19 pandemic economic recovery. Looking forward, we are confident that we will have a strong finish to fiscal 2021 and achieve growth in fiscal 2022.”

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

You May Also Be Interested In

• SAP Q1 results fall short of Wall Street estimates as transformation kicks off
• Hexcel Corp. (HXL) Tops Q1 EPS by 2c, Offers Guidance
• Chicopee Bancorp (CBNK) Tops Q1 EPS by 1c