Tessco Technologies (TESS) Misses Q3 EPS by 72c, Revenues Miss; Announces Dividend Reduction

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Go back to Tessco Technologies (TESS) Misses Q3 EPS by 72c, Revenues Miss; Announces Dividend Reduction

Tessco Reports Third-Quarter 2020 Financial Results

January 27, 2020 4:05 PM EST

Quarterly Revenues of $139.6 Million

Reprioritizes Capital Allocation to Accelerate Growth

Reduces Dividend to $0.02 Per Share

HUNT VALLEY, Md.--(BUSINESS WIRE)-- TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its third quarter of fiscal 2020, ended December 29, 2019.

Third-Quarter Highlights:

... More