Trading Volume Spiked Following These 2 Reports

Comtech Telecommunications Corp. (NASDAQ:CMTL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 48.15% to $0.14 in the quarter versus EPS of $0.27 in the year-earlier quarter. Revenue Decreased 24.77% to $74.58 million from the year-earlier quarter.

Comtech Telecommunications Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.11. It missed the average revenue estimate of $77.12 million.

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CMTL

Qihoo 360 Technology Co Ltd (NYSE:QIHU) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 10% to $0.22 in the quarter versus EPS of $0.20 in the year-earlier quarter. Revenue Rose 65.28% to $103 million from the year-earlier quarter.

Qihoo 360 Technology Co Ltd reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $93.68 million.

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QIHU

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