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News Breaks
November 30, 2012
17:02 EDTTESSTESSCO CFO David Young leaves company
TESSCO Technologies announced that, effective November 27, David Young ceased to serve as senior VP and CFO of the company. Young's employment has also ended and he is pursuing new professional opportunities. The company has retained an executive search firm to find a new CFO.
News For TESS From The Last 14 Days
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January 15, 2015
18:28 EDTTESSOn The Fly: After Hours Movers
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16:11 EDTTESSTESSCO does not see carriers renew spending until early in its FY16
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16:09 EDTTESSTESSCO sees Q4 revenue decline, withdraws FY15 guidance
“Due to the continued expected softness in the carrier space, we expect to see a decline in year-over-year revenue in the fourth quarter. As a result of the challenging business environment and the short-term costs associated with some of the expense reduction efforts underway, we are not providing earnings guidance for our fourth fiscal quarter, and we are withdrawing our Fiscal 2015 guidance. Also, our fourth quarter is historically our seasonally weakest of the year, so we are expecting an earnings decline from the third quarter. We fully expect to issue earnings guidance for fiscal year 2016, which begins in April, when we release earnings results for fiscal 2015. While we are disappointed with our third-quarter results, we believe in our opportunities in wireless, our business strategy, and our solid business fundamentals, capabilities and capacity. Our balance sheet remains strong, and we will continue our quarterly 20c per share dividend,” CEO Robert Barnhill said. Q4 EPS and revenue consensus are 28c and $133.24M, respectively.
16:07 EDTTESSTESSCO reports Q3 EPS 20c, consensus 35c
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16:02 EDTTESSTESSCO trading halted, pending news
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