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Tessco: Fiscal 1Q Earnings Snapshot

HUNT VALLEY, Md. (AP) _ Tessco Technologies Inc. (TESS) on Monday reported a fiscal first-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hunt Valley, Maryland-based company said it had a loss of 29 cents. Losses, adjusted for restructuring costs, came to 23 cents per share.

The wireless communications company posted revenue of $130.7 million in the period.

Tessco shares have risen 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.32, a decrease of 3% 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 TESS at https://www.zacks.com/ap/TESS