Comtech Telecommunications Q3 Profit Rises - Quick Facts

(RTTNews) - Comtech Telecommunications Corp. (CMTL) Thursday reported third-quarter net income of $5.9 million or $0.32 per share, up from $2.8 million or $0.17 per share in the same period last year. On average, three analysts polled by Thomson Reuters expected the company to earn $0.18 per share. Analysts' estimates typically exclude special items.

Sales increased to $88.91 million from $69.86 million last year, while two analysts expected sales of $77.50 million.

Looking ahead to fiscal 2014, the company now expects full-year earnings in a range of $1.25 to $1.30 per share and revenues in the range of $342.0 million and $346.0 million.

Analysts currently expect the company to report full-year earnings of $1.19 per share on revenues of $334.97 million.