Comtech Telecommunications Fiscal Q1 Adjusted Loss Narrows, Revenue Falls; Shares Down After Hours

MT Newswires Live

12/12

Comtech Telecommunications (CMTL) late Thursday reported a fiscal Q1 adjusted net loss of $0.18 per diluted share, narrowing from a loss of $1.64 a year earlier.

One analyst expected a loss of $0.39 in a FactSet poll.

Revenue for the quarter ended Oct. 31 was $111.0 million, down from $115.8 million a year earlier.

One analyst expected $110.4 million.

Shares were down more than 16% in after-hours trading.

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