Tessco Technologies (TESS) Tops Q4 EPS by 2c
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TESSCO Reports Fourth Quarter and Fiscal Year 2017 Financial Results
May 8, 2017 4:26 PM EDTQuarterly Revenues Increase 7% Year Over Year
Quarterly Dividend of $0.20 Per Share Continued
HUNT VALLEY, Md.--(BUSINESS WIRE)-- TESSCO Technologies Incorporated (NASDAQ: TESS), today reported financial results for its fourth quarter and fiscal year 2017, ended March 26, 2017.
Fourth-Quarter Highlights:
Revenue increased 7% year over year to $122.6 million; second straight quarter of year-over-year growth Public carrier market sales grew 33%, compared with last years fourth quarter $(0.10) EPS and $(0.11) EBITDA per share*, which includes $0.8 million of pre-tax restructuring costs (or approximately $0.05 in earnings per share) Maintained strong balance sheet, including no operating debt Declared quarterly dividend of $0.20 per share     ... More