[SatNews] Comtech Telecommunications Corp. (Nasdaq:CMTL) today reported its operating results for the three and nine months ended April 30, 2011.

Net sales for the third quarter of fiscal 2011 were $131.1 million compared to $216.3 million for the third quarter of fiscal 2010. The period-over-period decrease in net sales is attributable to lower net sales in both the Company's mobile data communications and RF microwave amplifiers segments offset, in part, by higher net sales in its telecommunications transmission segment. GAAP net income was $14.3 million, or $0.47 per diluted share, for the third quarter of fiscal 2011 compared to $21.8 million, or $0.67 per diluted share, for the third quarter of fiscal 2010. Net sales for the nine months ended April 30, 2011 were $472.1 million compared to $521.3 million for the nine months ended April 30, 2010. The period-over-period decrease in net sales is attributable to lower net sales in both the Company's mobile data communications and RF microwave amplifiers segments offset, in part, by higher net sales in its telecommunications transmission segment. GAAP net income was $56.0 million, or $1.79 per diluted share, for the nine months ended April 30, 2011 compared to $47.2 million, or $1.48 per diluted share, for the nine months ended April 30, 2010.

Comtech also announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable on August 19, 2011 to shareholders of record at the close of business on July 21, 2011. The dividend is the Company's fourth quarterly dividend. While future dividends will be subject to Board approval, the Board of Directors is currently targeting annual dividend payments aggregating $1.00 per share. In commenting on the Company's performance, Fred Kornberg, President and Chief Executive Officer, stated, "Despite lower than expected sales for the third quarter, we once again posted solid quarterly results. Sales for the third quarter did not include originally anticipated shipments related to certain MTS hardware orders. These hardware orders are now expected to ship during the fourth quarter of fiscal 2011." To read the entire financial report, access this direct link.