Comtech Telecom (CMTL) Tops Q3 EPS Views; Updates FY16 Outlook
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Comtech Telecommunications Corp. Declares $0.30 Per Share Quarterly Cash Dividend
June 8, 2016 5:17 PM EDTMELVILLE, N.Y.--(BUSINESS WIRE)-- June 8, 2016-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on August 19, 2016, to shareholders of record at the close of business on July 18, 2016. The dividend is the Companys... More
Comtech Telecommunications Corp. Announces Results for the Third Quarter of Fiscal 2016 and Provides Updated Financial Guidance
June 8, 2016 5:16 PM EDTMELVILLE, N.Y.--(BUSINESS WIRE)-- June 8, 2016- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the three and nine months ended April 30, 2016. Net sales for the three months ended April 30, 2016 were $124.2 million compared to $71.6 million for the three months ended April 30, 2015. Net sales for the nine months ended April 30, 2016 were $258.6 million compared to $229.8 million for the nine months ended April 30, 2015. The increase in net sales for both periods reflects incremental sales of approximately $66.0 million as a result of the acquisition of TeleCommunication Systems, Inc. ("TCS,") partially offset by lower... More
