Comtech Telecommunications Corp. (CMTL) reported first quarter GAAP net income of $0.36 per share after the bell Thursday, down from $0.47 a year ago. Second quarter GAAP EPS is expected to be between $0.10 and $0.12. The company also lowered its full year 2013 GAAP EPS forecast to between $1.26 and $1.34, from prior guidance of $1.40 to $1.50.
Comtech Telecommunications gapped open sharply lower Friday, but recovered some ground late in the morning. The stock ended the day down by 1.67 at $24.13, with volume at over an 11-month high. Comtech closed testing the lows of the year.
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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.