Tessco Reports Third-Quarter 2019 Financial Results

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Go back to Tessco Reports Third-Quarter 2019 Financial Results

Tessco Technologies (TESS) Reports Q3 EPS of $0.32, Revenues Beat

January 24, 2019 4:10 PM EST

Tessco Technologies (NASDAQ: TESS) reported Q3 EPS of $0.32, versus $0.19 reported last year. Revenue for the quarter came in at $152.3 million versus the consensus estimate of $150.92 million.

Diluted earnings per share up 68% year over year to $0.32, the highest quarterly EPS in three yearsRevenue of $152.3 million, up 4% year over yearYear over year revenue growth achieved for eighth time in past nine quartersRevenue up 7% for the first nine months of fiscal 2019 compared to the same period of fiscal 2018Revenue growth of 48% in the public carrier market compared with prior-year third... More