Tessco Technologies (TESS) Reports In-Line Q3 EPS; Trims FY16 EPS Outlook

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Go back to Tessco Technologies (TESS) Reports In-Line Q3 EPS; Trims FY16 EPS Outlook

TESSCO Reports $0.35 Earnings Per Share for Third Quarter Fiscal 2016

January 25, 2016 4:21 PM EST

Revenues Up 3% Compared to Prior Year Third Quarter

Quarterly Dividend of $0.20 Per Share Declared

HUNT VALLEY, Md.--(BUSINESS WIRE)-- TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS), a leading supplier for the product and value chain solutions that enable organizations to build, use, maintain and resell wireless voice, data, video, connectivity and control systems, today reported financial results for its third quarter of fiscal 2016, ended December 27, 2015.

Highlights:

Achieved quarterly EPS of $0.35, in line with Q3 guidance Declared quarterly dividend of $0.20 per share EPS guidance range for fiscal year ending March 2016 updated to $0.76 to $0.94; fourth quarter guidance range now ($0.13) to $0.05 per share  ... More