Comtech Telecommunications Corp Q4 Profit Drops 32%

(RTTNews) - Comtech Telecommunications Corp (CMTL) released earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line dropped to $5.47 million, or $0.34 per share. This was lower than $7.99 million, or $0.48 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.3% to $77.46 million. This was down from $89.38 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q4): $5.47 Mln. vs. $7.99 Mln. last year.
-Earnings Decline (Y-o-Y): -31.5%
-EPS (Q4): $0.34 vs. $0.48 last year.
-EPS Decline (Y-o-Y): -29.2%
-Analysts Estimate: $0.37
-Revenue (Q4): $77.46 Mln vs. $89.38 Mln last year.
-Revenue Change (Y-o-Y): -13.3%