Comtech: Fiscal Q4 Earnings Snapshot
MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Thursday reported a fiscal fourth-quarter loss of $5.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Melville, New York-based company said it had a loss of 26 cents. Losses, adjusted for pretax expenses and non-recurring costs, were 2 cents per share.
The communications company posted revenue of $127 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $122.6 million.
For the year, the company reported that its loss narrowed to $33.1 million, or $1.63 per share. Revenue was reported as $486.2 million.