Comtech Sees Revenue Below Estimates
Comtech Telecom (CMTL) reported 3rd Quarter April 2022 earnings of $0.06 per share on revenue of $122.1 million. The consensus estimate was a loss of $0.03 per share on revenue of $122.4 million. Revenue fell 12.4% compared to the same quarter a year ago.
The company said in its shareholders letter it expects fourth quarter revenue of approximately $123.0 million. The current consensus revenue estimate is $157.06 million for the quarter ending July 31, 2022.
Comtech Telecommunications Corp is engaged in designing, developing, producing and marketing products, systems and services for advanced communications solutions.
Comtech Telecommunications Corp. Announces Results for its Third Quarter of Fiscal 2022 and Updates Fiscal 2022 Financial Targets
MELVILLE, N.Y.--(BUSINESS WIRE)--
June 9, 2022--Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced its third quarter fiscal 2022 financial results and updated its fiscal 2022 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.
Investors are invited to access the third quarter fiscal 2022 shareholder letter at its web site at investor.comtech.com. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.
Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today that is intended to be briefer but provide more time for questions and discussion. Individuals can access the conference call by dialing (800) 895-3361 (domestic) or (785) 424-1062 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for seven days by dialing (877) 856-8965 or (402) 220-1609. A live webcast of the call is also available at investor.comtech.com.
Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
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Source: Comtech Telecommunications Corp.