Comtech Telecom (CMTL) Tops Q1 EPS by 22c, Offers Guidance
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Comtech Telecommunications Corp. Announces Results for Fiscal 2018 First Quarter and Updates Its Fiscal 2018 Guidance
December 6, 2017 4:22 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 6, 2017-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2017 and updated its fiscal 2018 guidance.
Fiscal 2018 First Quarter Highlights
Net sales were $121.6 million. Bookings were $165.7 million and Comtech achieved a company-wide book-to-bill ratio (a measure defined as bookings divided by net sales) of 1.36. As of October 31, 2017, the Company had backlog of $490.4 million. GAAP operating income was $0.2 million and GAAP net loss was... More