TODAY'S PAPER
29° Good Morning
29° Good Morning
Business

EARNINGS: Comtech Telecommunications Corp., Melville

Comtech Telecommunications Corp., Melville

Defense electronics

Quarter: April 30

Net income: Profit of $21.8 million, compared with profit of $7.6 million in the same quarter last year.

Net sales: $216.3 million compared with $128.5 million.

Outlook: CEO Fred Kornberg said, "We continue to believe that fiscal 2010 will be another year of record revenues."

Company statement: The increase is attributable to higher sales in mobile data communications and telecommunications transmission segments.

Share price: The stock closed up $1.87 Friday, to $31.15

Comments

We're revamping our Comments section. Learn more and share your input.

More news