Comtech Telecommunications Corp. Announces Results for Fiscal 2019 Fourth Quarter and Full Year and Provides Fiscal 2020 Guidance
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Comtech Telecom (CMTL) Tops Q4 EPS by 19c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
September 24, 2019 4:05 PM EDTComtech Telecom (NASDAQ: CMTL) reported Q4 EPS of $0.29, $0.19 better than the analyst estimate of $0.10. Revenue for the quarter came in at $176.4 million versus the consensus estimate of $164.89 million.
2019 Fourth Quarter and Fiscal Year Highlights
Net sales for the fourth quarter of fiscal 2019 were $176.4 million as compared to $167.4 million achieved during the fourth quarter of fiscal 2018, representing an increase of $9.0 million, or 5.4%. Net sales for fiscal 2019 were $671.8 million as compared to $570.6 million achieved during fiscal 2018, representing a significant increase of $101.2 million, or 17.7%.Bookings during fiscal 2019 were $724.1 million, with a company-wide book-to-bill ratio... More