Comtech Telecommunications Corp Reports 67% Decline In Q2 Bottom Line

(RTTNews) - Comtech Telecommunications Corp (CMTL) reported earnings for second quarter that fell from last year.

The company said its profit declined to $2.48 million, or $0.15 per share. This was down from $7.59 million, or $0.46 per share, in last year's second quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 14.0% to $70.32 million. This was down from $81.80 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q2): $2.48 Mln. vs. $7.59 Mln. last year. -Earnings Decline (Y-o-Y): -67.3% -EPS (Q2): $0.15 vs. $0.46 last year. -EPS Decline (Y-o-Y): -67.4% -Analysts Estimate: $0.26 -Revenue (Q2): $70.32 Mln vs. $81.80 Mln last year. -Revenue Change (Y-o-Y): -14.0%