Comtech Telecom Reports Q3 Sales of $106M, Down 16% YoY; Stock Rises Over 6% Premarket

Comtech Telecom reported Q3 net sales of $106 million, down 16% year-over-year. Adjusted earnings per share came to a loss of $0.22, compared to a loss of $0.18 in the prior-year quarter, indicating a widening loss on an adjusted basis.

The stock rose more than 6% in premarket trading following the earnings release.

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