Comtech Telecom Q4 Adj $0.29 Beats $0.17 Estimate, Sales $148.81M Beat $140.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comtech Telecom (NASDAQ:CMTL) reported Q4 earnings of $0.29 per share, beating the analyst consensus estimate of $0.17 by 70.59%. This is a 20.83% increase from last year. The company also reported quarterly sales of $148.81 million, beating the analyst consensus estimate of $140.13 million by 6.20%. This is a 17.19% increase from last year.
October 12, 2023 | 8:23 pm
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POSITIVE IMPACT
Comtech Telecom's Q4 earnings and sales beat estimates, with a YoY increase of 20.83% and 17.19% respectively.
Comtech Telecom's better-than-expected Q4 results, with significant YoY growth in earnings and sales, are likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100