Comtech Telecommunications Corp Q4 Income Rises 171%

(RTTNews) - Comtech Telecommunications Corp (CMTL) announced earnings for its fourth quarter that climbed from last year.

The company said its bottom line advanced to $7.31 million, or $0.31 per share. This was up from $2.70 million, or $0.14 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.0% to $147.76 million. This was down from $152.38 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q4): $7.31 Mln. vs. $2.70 Mln. last year. -Earnings Growth (Y-o-Y): 170.7% -EPS (Q4): $0.31 vs. $0.14 last year. -EPS Growth (Y-o-Y): 121.4% -Analysts Estimate: $0.29 -Revenue (Q4): $147.76 Mln vs. $152.38 Mln last year. -Revenue Change (Y-o-Y): -3.0%