Comtech Telecommunications Corp Reports 51% Decline In Q4 Bottom Line

(RTTNews) - Comtech Telecommunications Corp (CMTL) reported earnings for fourth quarter that decreased from last year.

The company said its earnings dropped to $2.70 million, or $0.14 per share. This was lower than $5.48 million, or $0.34 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 96.7% to $152.38 million. This was up from $77.46 million last year.

Comtech Telecommunications Corp earnings at a glance:

-Earnings (Q4): $2.70 Mln. vs. $5.48 Mln. last year. -Earnings Decline (Y-o-Y): -50.7% -EPS (Q4): $0.14 vs. $0.34 last year. -EPS Decline (Y-o-Y): -58.8% -Revenue (Q4): $152.38 Mln vs. $77.46 Mln last year. -Revenue Change (Y-o-Y): 96.7%