TESSCO Tech: Falls as Q3 loss widens, revenue misses estimates

Tessco Technologies

02/02/2021 15:17

** Shares of wireless equipment provider  TESS.O  down 1.5%
at $8.17 
    ** Co on Monday aftermarket posted Q3 loss from continuing
operations of 66 cents/share compared with loss estimates of 32
cents/share, according to Refinitiv IBES data  urn:newsml:reuters.com:*:nBw4qKPKna
    ** Reports Q3 revenue of $99.2 mln, below estimates of
$102.1 mln
    ** TESS Q3 selling, general and administrative expenses rose
7.27% to $23.6 mln
    ** Co says some sectors of the business experienced a return
to growth, while others continued to be slowed down by the
pandemic
    ** TESS shares up 33% YTD, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))