Comtech Telecommunications Fiscal Q2 Adjusted Net Loss Narrows, Net Sales Decrease; Shares Fall After Hours
MT Newswires Live
Mar 17
Comtech Telecommunications (CMTL) reported a fiscal Q2 adjusted net loss Monday of $0.18 per diluted share, narrower than a loss of $0.35 a year earlier.
One analyst polled by FactSet expected a loss of $0.30.
Net sales for the quarter ended Jan. 31 were $106.8 million, down from $126.6 million a year earlier.
One analyst surveyed by FactSet expected $113.9 million.
The company's shares were down past 8% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.