Comtech Telecom (CMTL) Misses Q1 EPS by 2c, Raises FY Guidance

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Go back to Comtech Telecom (CMTL) Misses Q1 EPS by 2c, Raises FY Guidance

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 EST

MELVILLE, 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