Comtech Telecom Q2 Adj. EPS $(0.15) Misses $0.22 Estimate, Sales $134.22M Miss $152.85M Estimate
Portfolio Pulse from Happy Mohamed
Comtech Telecom (NASDAQ:CMTL) reported Q2 adjusted EPS of $(0.15), missing the $0.22 estimate, and sales of $134.22M, missing the $152.85M estimate. This represents a significant decrease in earnings and a slight increase in sales compared to the same period last year.
March 18, 2024 | 8:41 pm
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Comtech Telecom reported a significant miss in both EPS and sales for Q2, with EPS at $(0.15) against a $0.22 estimate and sales at $134.22M against a $152.85M estimate.
The significant miss in both EPS and sales for Comtech Telecom in Q2 compared to analyst estimates indicates potential short-term negative sentiment among investors. The miss in EPS by 168.18% and the slight increase in sales year-over-year by only 0.37% could lead to concerns about the company's profitability and growth prospects, likely impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100