Comtech Telecommunications Shares Climb As Earnings Surge

Summary


Shares of Comtech Telecommunications Corp. (Nasdaq: CMTL) jumped $2.90, or 8 percent, to $40.18 Thursday afternoon after the defense contractor posted record net sales and earnings per share for the fourth quarter.Net sales increased to $98.3 million versus $59.1 million in the fourth quarter fiscal 2004.

Net income was $11 million, or 42 cents per diluted shared, compared to the $6.1 million, or 25 cents per diluted share, in the prior year's period.

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Comtech Telecommunications Shares Climb As Earnings Surge

The company said business was st...

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