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.
For comments and feedback: editorial@rttnews.com