TESSCO Tech. (TESS) Misses Q3 EPS by 44c; Lowers FY11 EPS Outlook; Declares $0.10 Quarterly Dividend; 2.5% Yield

TESSCO Technologies Inc. (Nasdaq: TESS) reported Q3 EPS of $0.00, $0.44 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $168 million versus the consensus estimate of $164.96 million. Revises FY11 EPS from $1.90 - $2.25 to a range of $1.20 - $1.27, versus the consensus of $1.46. The company will continue its quarterly dividend program with another $0.10 per common share, $0.40 annualized. The dividend is payable on March 2, 2011, to holders of record on February 16, 2011. The ex-dividend date is February 14, 2011. Yield on the dividend is 2.5%.... Read more

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