{"id":86853,"date":"2010-06-07T19:05:34","date_gmt":"2010-06-07T11:05:34","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/comtechs-third-quarter-growth-exceeds-expectations\/"},"modified":"2010-06-07T19:05:34","modified_gmt":"2010-06-07T11:05:34","slug":"comtechs-third-quarter-growth-exceeds-expectations","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/comtechs-third-quarter-growth-exceeds-expectations\/","title":{"rendered":"Comtech\u2019s Third Quarter Growth Exceeds Expectations"},"content":{"rendered":"<p>[06-04-10] <strong>Comtech<\/strong>\u2019s 2010 third quarter financial results, released June 3, shattered market expectations with revenues increasing 68 percent to $216 million over the same period in 2009, beating consensus projections by 14 percent.<br \/>\n&nbsp;&nbsp;&nbsp; Comtech\u2019s earnings-per-share grew 31 percent to $0.67. The company\u2019s Mobile Data segment revenue, aided by accelerated shipments of MTS computers, jumped $50 million, sequentially, to $134 million. <br \/>\n&nbsp;&nbsp;&nbsp; <strong>Raymond James<\/strong> analyst Chris Quilty said Comtech Mobile EF Data\u2019s revenue performance far exceeded his own forecast of $113 million. \u201cAlthough the [MTS computer] order has been painfully slow to ship and Comtech warned that $90-100 million of revenues could slip into 2011, it now appears that shipments back on track and could potentially be \u2018pulled forward\u2019 into the fourth quarter,\u201d Quilty said in a report. \u201cMobile Data EBIT margins also were surprisingly strong at 20.5 percent against our forecast of 14.4 percent in light of the heavy volume of (low-margin) MTS computers shipped in the quarter. If these factors can be sustained, our 2011 [Comtech] EBIT forecast of 22.5 percent could prove to be too low.\u201d<br \/>\n&nbsp;&nbsp;&nbsp; Comtech\u2019s bookings jumped $100 million to $181 million. The company said commercial spending is beginning to improve as it exits the quarter with a $411 million backlog.<br \/>\n&nbsp;&nbsp;&nbsp; Comtech recently was awarded ceiling increases for both the Blue Force Tracking and MTS contracts with the U.S. military. The Blue Force Tracking-2 source selection is scheduled for later this year. Quilty said the company\u2019s chances of being selected are strong. \u201cWe have a high degree of confidence that Comtech will eventually win this competition and investors will want to own the stock before the announcement is made official.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[06-04-10] Comtech\u2019s 2010 third quarter financial results, released June 3, shattered market expectations with revenues increasing 68 percent to $216 million over the same period in 2009, beating consensus projections by 14 percent. &nbsp;&nbsp;&nbsp; Comtech\u2019s earnings-per-share grew 31 percent to $0.67. The company\u2019s Mobile Data segment revenue, aided by accelerated shipments of MTS computers, jumped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86853","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86853"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86853"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86853\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}