Comtech Telecommunications (CMTL): FQ3 EPS of $0.29 beats by $0.05. Revenue of $99.8M (-24% Y/Y) beats by $2M. Shares +3% AH
Reports Q3 (Apr) earnings of $0.29 per share, $0.05 better than the Capital IQ Consensus Estimate of $0.24; revenues fell 23.9% year/year to $99.8 mln vs the $97.81 mln consensus. Co issues guidance for FY12, raises EPS (due to share repurchases) to $1.40-1.48 from $1.34-1.44 vs. $1.37 Capital IQ Consensus Estimate; lowers FY12 revs to $420-425 mln from $420-430 mln vs. $421.55 mln Capital IQ Consensus Estimate. Backlog as of April 30, 2012 was $137.4 million compared to $126.3 million as of January 31, 2012. Total bookings for the three and nine months ended April 30, 2012 were $110.9 million and $304.7 million, respectively, compared to $127.7 million and $330.2 million for the three and nine months ended April 30, 2011, respectively.
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