Comtech Telecom Q4 Adj $(0.35) Misses $(0.33) Estimate, Sales $126.19M Miss $140.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comtech Telecom reported a Q4 loss of $(0.35) per share, missing the $(0.33) estimate, and sales of $126.19M, missing the $140.70M estimate. This represents a significant decline from the previous year.
October 31, 2024 | 8:50 pm
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NEGATIVE IMPACT
Comtech Telecom's Q4 earnings and sales both missed analyst estimates, with a significant decline compared to the previous year. This could negatively impact the stock price in the short term.
Comtech Telecom's reported earnings per share of $(0.35) missed the consensus estimate of $(0.33), and sales of $126.19M missed the $140.70M estimate. The significant year-over-year decline in both earnings and sales suggests potential negative sentiment and pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100