Tessco Reports Second-Quarter 2020 Financial Results

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Go back to Tessco Reports Second-Quarter 2020 Financial Results

Tessco Technologies (TESS) Misses Q2 EPS by 18c, Revenues Miss

October 30, 2019 5:03 PM EDT

Tessco Technologies (NASDAQ: TESS) reported Q2 EPS of $0.00, $0.18 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $141.8 million versus the consensus estimate of $158.1 million.

Second-Quarter Highlights:

Second-quarter revenue of $141.8 million9% sequential increase in revenues

Our second-quarter results improved sequentially over the first quarter, due to higher revenues in both our Public Carrier and Retail markets, while revenue was slightly down in our VAR and Integrator business, said Sandip Mukerjee, President and Chief Executive Officer. Sales improved sequentially in our Public Carrier market as we... More