Comtech Telecommunications (CMTL) Reports Q1 Loss, Misses Revenue Estimates

Comtech Telecommunications (CMTL) came out with a quarterly loss of $1.27 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -252.78%. A quarter ago, it was expected that this communications company would post earnings of $0.05 per share when it actually produced a loss of $0.35, delivering a surprise of -800%.Over the last four q ...