Investing.com - Comtech reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Comtech announced earnings per share of $0.06 on revenue of $122.12M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $122.69M.
Comtech shares are down 58% from the beginning of the year , still down 64.30% from its 52 week high of $27.70 set on Monday, November 1, 2021.
Comtech shares lost 100.00% in after-hours trade the report.
Comtech follows other major Information Technology sector earnings this month
Comtech's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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