Tessco Technologies Inc (TESS) SEC Filing 10-Q Quarterly report for the period ending Sunday, December 25, 2016

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Tessco Technologies Inc
Ticker: TESS CIK: 927355

Exhibit 99.1

CORRECTING and REPLACING ─ TESSCO Reports Third Quarter 2017 Financial Results

Quarterly Revenues Increase 6% Year Over Year and 9% Sequentially

Quarterly Dividend of $0.20 Per Share Continued

CORRECTION…by TESSCO Technologies, Inc.

HUNT VALLEY, Md.--(BUSINESS WIRE)--Jan. 30, 2017-- In the "Cash Dividend" section, the first sentence should read: "TESSCO’s Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on March 1, 2017 to common stockholders of record on February 15, 2017." (instead of: TESSCO’s Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on February 15, 2017 to common stockholders of record on March 1, 2017.)

The corrected release, which otherwise remains unchanged, reads:

TESSCO Reports Third Quarter 2017 Financial Results

Quarterly Revenues Increase 6% Year Over Year and 9% Sequentially

Quarterly Dividend of $0.20 Per Share Continued

HUNT VALLEY, MD, Jan. 30, 2017—TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS), today reported financial results for its fiscal 2017 third quarter, ended December 25, 2016.

Third-Quarter Highlights:

Revenue increased 6% year over year to $147.2 million

Public carrier market grew 16%; first year-over-year growth since the first quarter of fiscal 2015

Achieved $0.15 EPS and $0.38 EBITDA per share*

Strong balance sheet maintained

Declared quarterly dividend of $0.20 per share

The following information was filed by Tessco Technologies Inc (TESS) on Tuesday, January 31, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Tessco Technologies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Tessco Technologies Inc.

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