Revenue Update on TESSCO Technologies(NASDAQ:TESS)

TESSCO Technologies(NASDAQ:TESS) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $128.86M. Analysts estimated a revenue of $116.49M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.24.

TESSCO Technologies (TESS) shares turned negative on Wednesdays trading session with the shares closing down -0.14 points or -0.97% at a volume of 3,976. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.45. The peak price level was also seen at $14.45 while the days lowest was $14.23. Finally the shares closed at $14.24. The 52-week high of the shares is $25.5 while the 52-week low is $12.05. According to the latest information available, the market cap of the company is $118 M.

TESSCO Technologies Incorporated is a technology company. The Company architects and delivers product and value chain solutions to support wireless systems. It provides marketing and sales services knowledge and supply chain management product solution delivery and control systems. The Company offers its products in four categories: base station infrastructure network systems installation test and maintenance and mobile devices and accessories. It provides products and services to build and maintain primary systems including broadband connectivity base station infrastructure critical communications indoor network architecture maintenance repair and assembly outdoor network architecture remote monitoring and control and mobility and user devices. The Company provides its solutions to organizations responsible for building operating maintaining and reselling cellular mobile communications Wi-Fi machine-to-machine Internet of Things and wireless backhaul systems.

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