Comtech Telecommunications Corp Profit Climbs 166% In Q2

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

The company said its bottom line totaled $6.59 million, or $0.28 per share. This was higher than $2.48 million, or $0.15 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 97.7% to $139.03 million. This was up from $70.32 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q2): $6.59 Mln. vs. $2.48 Mln. last year. -Earnings Growth (Y-o-Y): 165.7% -EPS (Q2): $0.28 vs. $0.15 last year. -EPS Growth (Y-o-Y): 86.7% -Analysts Estimate: -$0.11 -Revenue (Q2): $139.03 Mln vs. $70.32 Mln last year. -Revenue Change (Y-o-Y): 97.7%

-Guidance: Full year EPS guidance: $0.68 Full year revenue guidance: $570.0 - $580.0 Mln