Technical Communications Corp: Eyes best day ever on strong results

Technical Communications

10/12/2019 14:05

** Shares of communications equipment maker  TCCO.O  nearly
triple to $5.96; set for their best day ever
    ** Stock to also touch its highest in over 1-1/2 years, if
gains hold
    ** TCCO's Q4 rev more than doubled to $2.7 mln, posts qtrly
profit vs. year-earlier loss on Monday  urn:newsml:reuters.com:*:nGNX4SbYGB
    ** TCC returned to profitability in fiscal 2019, radio
encryption and digital encryption products, along with custom
solution engineering services continued to provide recurring
revenue opportunities within co's established government systems
product line - CEO Carl Guild Jr.
    ** Stock top premarket percentage gainer across U.S.
exchanges 
    ** Up to Monday's close, stock had tumbled ~26% vs. ~4.4%
rise in Nasdaq Telecommunication index  .IXUT 

 (Reporting by Ambhini Aishwarya in Bengaluru)
 ((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223
8780; outside U.S. +91 80 6749 0543;))