Comtech Telecom (CMTL) Misses Q4 EPS by 3c; Issues Light FY16 Outlook

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Comtech Telecommunications Corp. Announces Results for Fiscal 2015 Fourth Quarter and Full Year and Provides Initial Fiscal 2016 Guidance

September 28, 2015 5:00 PM EDT

MELVILLE, N.Y.--(BUSINESS WIRE)-- September 28, 2015-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the fourth quarter and fiscal year ended July 31, 2015.

Net sales for the three months ended July 31, 2015 were $77.5 million compared to $89.4 million for the three months ended July 31, 2014. The year-over-year decrease reflects lower net sales in the Company's telecommunications transmission and mobile data communications segments, partially offset by higher net sales in its RF microwave amplifiers segment. GAAP net income was $5.5 million, or $0.34 per diluted share, for the three months ended July 31, 2015 as compared to $8.0... More