Investing.com – Comtech reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Comtech announced earnings per share of $0.06 on revenue of $122.12M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $122.69M.
Comtech shares are down 58% from the beginning of the year, still down 64.30% from its 52 week high of $27.70 set on November 1, 2021.
Comtech follows other major Information Technology sector earnings this month
Comtech’s report follows an earnings beat by Broadcom on September 1, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on September 12 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Be the first to comment