Comtech Telecom (CMTL) Misses Q1 EPS by 2c, Raises FY Guidance
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Comtech Telecommunications Corp. Announces Results for the Second Quarter of Fiscal 2016, Segment Reporting Changes and Updated Fiscal 2016 Revenue and Adjusted EBITDA Guidance
March 10, 2016 4:12 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- March 10, 2016-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the three and six months ended January 31, 2016.
Net sales for the three months ended January 31, 2016 were $70.3 million compared to $81.8 million for the three months ended January 31, 2015. Net sales for the six months ended January 31, 2016 were $134.4 million compared to $158.2 million for the six months ended January 31, 2015. The three- and six-month period-over-period decreases reflect lower net sales in the Company's telecommunications transmission segment, partially offset by higher net sales in its RF microwave amplifier and mobile data... More
