Comtech Telecommunications Corp Bottom Line Rises In Q3

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

The company's profit totaled $8.21 million, or $0.34 per share. This compares with $4.42 million, or $0.19 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.7% to $147.85 million from $127.79 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q3): $8.21 Mln. vs. $4.42 Mln. last year. -EPS (Q3): $0.34 vs. $0.19 last year. -Analysts Estimate: $0.12 -Revenue (Q3): $147.85 Mln vs. $127.79 Mln last year.

-Guidance: Next quarter EPS guidance: $0.24 to $0.30 Full year EPS guidance: $1.17 to $1.23 Full year revenue guidance: $570 to $585 Mln