Comtech Telecommunications Corp Announces Rise In Q2 Bottom Line

(RTTNews) - Comtech Telecommunications Corp (CMTL) revealed a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $15.76 million, or $0.66 per share. This was higher than $6.59 million, or $0.28 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.8% to $133.73 million. This was down from $139.03 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q2): $15.76 Mln. vs. $6.59 Mln. last year. -Earnings Growth (Y-o-Y): 139.2% -EPS (Q2): $0.66 vs. $0.28 last year. -EPS Growth (Y-o-Y): 135.7% -Analysts Estimate: -$0.08 -Revenue (Q2): $133.73 Mln vs. $139.03 Mln last year. -Revenue Change (Y-o-Y): -3.8%

-Guidance: Full year EPS guidance: $1.08 to $1.23 Full year revenue guidance: $570.0 - $585.0 Mln