Comtech Telecommunications (CMTL) got here out with quarterly earnings of $0.26 per share, beating
Comtech Telecommunications (CMTL) got here out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.22 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 85.71%. 1 / 4 in the past, it was anticipated that this communications firm would put up earnings of $0.10 per share when it really produced earnings of $0.25, delivering a shock of 150%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Comtech, which belongs to the Zacks Wi-fi Tools business, posted revenues of $170.27 million for the quarter ended October 2019, surpassing the Zacks Consensus Estimate by 1.53%. This compares to year-ago revenues of $160.84 million. The corporate has topped consensus income estimates 4 instances during the last 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the…