Technical Communications: Set for worst day in 15 yrs on wider Q1 loss

Technical Communications

10/02/2020 17:42

** Shares of communications equipment maker  TCCO.O  fall
31.6% to a two-month low of $3.14; set for their worst day in
nearly 15 yrs
    ** Company posted 40% fall in Q1 rev on Friday, net loss
widened to 26 cents/shr from 13 cents/shr
    ** "Several international opportunities have made
significant progress but have not yet closed due to delays in
the procurement process" - CEO
    ** Stock had risen 90.5% in 2019 outperforming an 11% gain
in the Nasdaq telecommunication index  .IXUT  in the same period

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com))