Brief: Tessco Q4 Earnings Per Share $0.06

Tessco Technologies

06/05/2019 22:10

May 6 (Reuters) - TESSCO Technologies Inc  TESS.O :
    * TESSCO REPORTS FOURTH-QUARTER 2019 FINANCIAL RESULTS
    * Q4 REVENUE $145 MILLION VERSUS $148.9 MILLION
    * Q4 EARNINGS PER SHARE $0.06
    * BELIEVE STRATEGIC EFFORTS IN FISCAL 2019 WILL RESULT IN
TOP-LINE
GROWTH AND INCREASED PROFITABILITY IN COMING YEAR
    * CURRENTLY EXPECT OVERALL REVENUE AND EARNINGS TO START
SLOWER
AND BUILD MOMENTUM AS WE MOVE THROUGH FISCAL YEAR
    * PROJECTING HIGH SINGLE-DIGIT GROWTH IN COMMERCIAL SEGMENT,
OFFSET BY MODEST DECLINES IN RETAIL SEGMENT FOR FISCAL 2020
    * COMPANY EXPECTS SG&A TO INCREASE IN FISCAL 2020

Source text for Eikon:  ID:nBw5v1njRa 
Further company coverage:  TESS.O 

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