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Comtech tops 2Q revenue forecasts

MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Wednesday reported fiscal second-quarter net income of $6.6 million.

On a per-share basis, the Melville, New York-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.

The communications company posted revenue of $139 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $138.7 million.

Comtech expects full-year revenue in the range of $570 million to $580 million.

Comtech shares have dropped 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.13, a fall of 48 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMTL at https://www.zacks.com/ap/CMTL


Keywords: Comtech Telecommunications, Earnings Report