Comtech Telecommunications Corp. (CMTL) reported third quarter net income of $0.29 per share after the close Thursday, down from $0.47 per share in the prior year. The consensus estimate was for EPS of $0.24. The company also increased its full year EPS forecast to between $1.40 and $1.48, from prior guidance of $1.34 to $1.44. The consensus estimate is for EPS of $1.37.
Comtech Telecommunications gapped up slightly this morning and has spiked to the upside in the last few minutes. Shares are now up 1.58 at $30.70. The stock has climbed to a 3-week high and is challenging its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.