More on Comtech Telecom (CMTL): FQ3 comes in mixed, coming up short on revenue but solidly...


More on Comtech Telecom (CMTL): FQ3 comes in mixed, coming up short on revenue but solidly beating on a per share basis. Net earnings fell 53% as a 30% Y/Y decline in total sales was felt across several businesses lines. The company also lowered its FY13 revenue outlook by $10M, now seeing $310M to $320M, but ups the lower end of its earnings guidance by $0.06 a share to $0.86 to $0.92 a share, reflecting increased share buybacks. Shares +3% AH.
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