TESSCO Technologies, Inc. (NASDAQ:TESS) shares are trading higher by 26% at $7.26 Thursday morning after the company issued first-quarter sales guidance above estimates.
Tessco said it expects to report total revenues of approximately $105 million, which would represent composite growth of 9% year-over-year. Tessco also announced sales bookings for the first quarter grew 37% year-over-year.
Tessco is a United States-based value-added technology distributor, manufacturer and solutions provider. The company supplies wireless communications products for network infrastructure, site support, fixed and mobile broadband networks.
Tessco has a 52-week high of $9.25 and a 52-week low of $5.08.
