CMTL - Why Is Telecommunications Firm Comtech Stock Surging On Tuesday? | Benzinga
Comtech Telecommunications Corp (NASDAQ:CMTL) shares are trading higher after the company reported third-quarter FY24 earnings and announced a fresh credit facility.
The company reported a third-quarter sales decline of 6.1% year-on-year to $128.08 million, missing the analyst consensus estimate of $136.42 million.
Segment Revenue: Total United States revenue was $105.7 million and that of International was $22.4 million.
The gross profit for the ...