By Business Wirevia The Motley Fool
Filed under: Investing
TESSCO to Present at 25 th Annual Roth Conference on March 19, 2013
Provides Fourth Quarter Revenue Estimates and Updates Annual Guidance
HUNT VALLEY, Md.–(BUSINESS WIRE)– TESSCO Technologies Incorporated (NAS: TESS) , a leading provider of the product and value chain solutions required to build, use and maintain wireless broadband systems, today announced that it will present at the 25th Annual Roth Conference. The Company also provided an update on its business outlook for its fiscal 2013 fourth quarter and the fiscal year.
Presentation at Roth Conference
The 25th Annual Roth Conference will be held at the Ritz-Carlton in Laguna Niguel, CA. TESSCO will present at 4:30 PM PT in Salon 2 – Blue. The company will also meet one-on-one with institutional investors during the day. To obtain additional information about TESSCO‘s participation in the conference, please contact TESSCO‘s investor relations representative, LHA.
Business Outlook
TESSCO expects to report revenue in the range of $148 million to $160 million for the fourth fiscal quarter, which ends March 30, 2013. This fourth quarter revenue as compared to the prior year fourth quarter would reflect approximately a 5-12% increase in our core markets and an 18-24% decrease in total revenue as a result of the ongoing transition out of the third party logistics business with a Tier 1 carrier. As previously announced, we expect to be completely transitioned out of this 3PL relationship by the end of our fiscal year.
Based on the results in the first three quarters of fiscal 2013 and expected results for the fourth quarter, diluted earnings per share for fiscal 2013 are expected to be in the range of $2.09 to $2.15. This is an update from the previous range of $2.05 to $2.15.
Final results for fiscal 2013, as well as an outlook for fiscal year 2014 will be announced on May 8, 2013.
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Source: FULL ARTICLE at DailyFinance

