TeleCommunication Systems (TSYS) Releases Quarterly Earnings Results
TeleCommunication Systems (NASDAQ:TSYS) announced its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $85.09 million for the quarter, compared to the consensus estimate of $76.78 million. During the same quarter last year, the company posted $0.04 earnings per share. TeleCommunication Systems’s revenue was down 10.2% compared to the same quarter last year.
TeleCommunication Systems (NASDAQ:TSYS) traded up 1.57% on Thursday, hitting $2.59. 301,658 shares of the company’s stock traded hands. TeleCommunication Systems has a one year low of $2.00 and a one year high of $3.21. The stock’s 50-day moving average is $2.39 and its 200-day moving average is $2.3. The company’s market cap is $154.3 million.
TeleCommunication Systems, Inc (NASDAQ:TSYS) develops and applies secure mobile communication technology.
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