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Earnings Reaction Rollercoaster: Comtech Rises, T2 Biosystems Tumbles

  • October 12th, 2023
  • 308 views

Comtech Telecommunications Corp. (Nasdaq: CMTL), a telecommunications company, posted fourth-quarter fiscal 2023 earnings of $0.29 per share, surpassing the consensus EPS estimate of $0.17. The company reported quarterly sales of $148.81 million, exceeding analysts' revenue expectations of $140.13 million.

$CMTL was trading at $9.70 in after-hours, reflecting an increase of $1.56 (+19.17%).

On the other hand, T2 Biosystems, Inc. (Nasdaq: TTOO), a biotechnology company, reported preliminary third-quarter 2023 revenue of $1.5 million, falling short of analysts' revenue projections of $2.6 million for the period.

In after-hours, $TTOO was trading at $0.11, down $0.06 (-36.44%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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