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
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