Comtech Telecom (CMTL) Tops Q3 EPS by 7c; Updates FY15 Guidance
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Comtech Telecommunications Corp. Announces Results for the Third Quarter of Fiscal 2015 and Provides Updated Fiscal 2015 Guidance
June 4, 2015 4:26 PM EDTMELVILLE, N.Y.--(BUSINESS WIRE)-- June 4, 2015- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the three and nine months ended April 30, 2015.
Net sales for the three months ended April 30, 2015 were $71.6 million compared to $88.9 million for the three months ended April 30, 2014. The period-over-period decrease reflects lower net sales in the Company's telecommunications transmission and RF microwave amplifier segments, partially offset by higher net sales in its mobile data communications segment. GAAP net income was $5.0 million, or $0.30 per diluted share, for the three months ended April 30, 2015 as compared to $5.9... More
