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Tessco: Fiscal 4Q Earnings Snapshot

HUNT VALLEY, Md. (AP) _ Tessco Technologies Inc. (TESS) on Monday reported fiscal fourth-quarter net income of $623,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of 7 cents.

The wireless communications company posted revenue of $148.9 million in the period.

For the year, the company reported profit of $4.7 million, or 55 cents per share. Revenue was reported as $580.3 million.

Tessco shares have dropped 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.90, a rise of 16 percent in the last 12 months.

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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