TESSCO Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 27, 2015. For the fiscal 2016 third quarter, revenues totaled $139.5 million, compared with $135.2 million in the third quarter of the prior year and $142.4 million in the second quarter of fiscal 2016. Net income and diluted earnings per share totaled $2.9 million and $0.35, respectively, for the third quarter of fiscal 2016, compared with net income and diluted earnings per share of $1.7 million and $0.20, respectively, for the prior-year quarter, and $2.7 million and $0.33 per diluted share in the second quarter of fiscal 2016. EBITDA for the third quarter of fiscal 2016 totaled $5.9 million, or $0.72 per diluted share, compared with $3.8 million, or $0.46 per diluted share, in the prior-year quarter, and $5.9 million, or $0.71 per diluted share, in the second quarter of fiscal 2016. Income from operations was $4.711 million against $2.684 million a year ago. Income before provision for income taxes was $4.656 million against $2.623 million a year ago. Adjusted EBITDA was $6.051 million or $0.73 per diluted share against $4.094 million or $0.49 per diluted share a year ago.

For the nine months, the company reported revenues of $416.528 million against $436.657 million a year ago. Income from operations was $12.217 million against $14.623 million a year ago. Net income was $7.330 million or $0.89 per diluted share against $8.866 million or $1.06 per diluted share a year ago. EBITDA was $15.785 million or $1.91 per diluted share against $18.116 million or $2.16 per diluted share a year ago. Adjusted EBITDA was $16.296 million or $1.97 per diluted share against $19.063 million or $2.28 per diluted share a year ago.

The company is providing per share guidance for the fourth quarter of a loss of $0.13 to earnings of $0.05.

The company revised annual earnings guidance to $0.76 to $0.94 per diluted share for fiscal 2016.