Comtech Telecom's Return on Invested Capital Insights
Portfolio Pulse from Benzinga Insights
Comtech Telecom (NASDAQ:CMTL) reported Q3 sales of $136.32 million and a loss of $7.46 million, a 55.21% decrease from last quarter. The company posted a negative Return on Invested Capital (ROIC) of -0.13%, suggesting inefficient capital allocation. Q3 earnings per share were $0.11, missing analyst predictions of $0.14.
June 09, 2023 | 2:46 pm
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Comtech Telecom's Q3 sales were $136.32 million with a loss of $7.46 million. The company's negative ROIC of -0.13% suggests inefficient capital allocation. Q3 earnings per share were $0.11, missing analyst predictions of $0.14.
Comtech Telecom's Q3 results show a significant decrease in earnings and a negative ROIC, indicating inefficient capital allocation. This could negatively impact the stock price in the short term. Additionally, the company's Q3 earnings per share missed analyst predictions, which may further contribute to a decline in stock price.
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