Investing.com - TESSCO reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TESSCO announced earnings per share of $0.130 on revenue of $120.500. Analysts polled by Investing.com anticipated EPS of $-0.130 on revenue of $113.2M.
TESSCO shares are down 18% from the beginning of the year , still down 47.72% from its 52 week high of $8.32 set on Tuesday, December 21, 2021.
TESSCO shares gained 2.76% in after-hours trade the report.
TESSCO follows other major Information Technology sector earnings this month
TESSCO's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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