TESSCO Technologies Incorporated (NASDAQ:TESS) provider of wireless systems, is expected to report second quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.34 per share from revenue of $ 120.30 million.
Looking ahead, the full year loss are expected at $ 1.25 per share on the revenues of $ 501.24 million.
Previous Quarter Performance
TESSCO Technologies Incorporated unwinded loss for the first quarter of $ 0.54 per share, from the revenue of $ 119.81 million. According to street consensus, TESS was expected to report 1Q21 loss of $ 0.59 per share from revenue of $ 110.81 million. The bottom line results beat street analysts by $ 0.05 or 8.47 percent, at the same time, top line results outshined analysts by $ 9.00 million or 8.12 percent.
Stock Performance
Shares of TESSCO Technologies Incorporated traded up $ 0.33 or 5.45 percent on Tuesday, reaching $ 6.39 with volume of 33.00 thousand shares. TESSCO Technologies Incorporated has traded high as $ 6.60 and has cracked $ 6.16 on the downward trend
According to the previous trading day, closing price of $ 6.39, representing a 47.09 % increase from the 52 week low of $ 4.12 and a 62.55 % decrease over the 52 week high of $ 16.18.
The company has a market capital of $ 55.98 million and is part of the Technology sector and Communication Equipment industry.
TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services. It also offers network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products, as well as training classes, technical support, and engineering design services.
