Tessco Technologies (TESS) Announces Quarterly Earnings, Misses Estimates By $0.09 EPS
Tessco Technologies (NASDAQ:TESS) issued its quarterly earnings data on Thursday. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.09, Analyst Ratings News reports. The company had revenue of $144.90 million for the quarter, compared to the consensus estimate of $154.95 million.
Shares of Tessco Technologies (NASDAQ:TESS) traded down 0.43% during mid-day trading on Thursday, hitting $39.70. 12,607 shares of the company’s stock traded hands. Tessco Technologies has a one year low of $18.60 and a one year high of $41.99. The stock’s 50-day moving average is $39.57 and its 200-day moving average is $35.10. The company has a market cap of $326.7 million and a P/E ratio of 19.35.
TESSCO Technologies Incorporated (NASDAQ:TESS) architects and delivers the product and value chain solutions to organizations responsible for building, operating and maintaining wireless broadband systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.