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March 22, 2007, 10:30 a.m. EDT

Tessco Tech. shares fall after revenue warning

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By Tomi Kilgore


NEW YORK (MarketWatch) -- Shares of Tessco Technologies /zigman2/quotes/201101603/composite TESS -1.77% dropped 13% after the wireless systems products company warned late Wednesday that revenue for the current quarter will be lower than expected. The Hunt Valley, Md. company said revenue for the quarter ending March will be up 30% from year-earlier levels but fall short of forecasts, and fiscal year earnings are expected to be at the low end of the previously provided forecast of $1.15 to $1.22 a share. The stock was last down $3.85 at $25.30.

US : U.S.: Nasdaq
$ 5.54
-0.10 -1.77%
Volume: 30,489
Oct. 26, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$50.17 million
Rev. per Employee

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