(TSYS) - TeleCommunication Systems, Inc - exceeded earnings estimates by over 100% in each of the past three quarters

TSYS has exceeded earnings estimates by over 100% in each of the past three quarters. One out of the two analysts covering the stock raised his numbers for this year. Over the past two months, this year's estimates have increased from break-even to four cents per share. Earnings are expected to jump another 25% next year. Full Analysis TeleCommunication Systems, Inc. (TSYS) engages in the development and application of wireless data communications technology primarily in the United States and internationally. It has two segments, Commercial Applications and Government. In addition, the company offers wireless data solutions that unite messaging, and synchronization and Web technologies, which include package and vehicle tracking, productivity tools, and the ability to capture digital signatures for proof of delivery to installed base of logistics customers, as well as provides real-time financial market data to wireless device users under annual subscriber contracts in the United States and Europe. The company reported a surprise profit in its third quarter. Analysts expected a loss of a penny per share, but the company came in with a profit of two cents per share. This was the TSYS's third consecutive profitable quarter. Revenue from continuing operations was $30.8 million, up 6% from $29.2 million in the third quarter of 2005. The U.S. Navy Selected TCS for SATCOM Terminal Program. The Space and Naval Warfare (SPAWAR) Systems Center in North Charleston, SC, selected TCS as one of eight vendors to provide satellite communications products under a five-year program. The aggregate value of the program is expected to reach approximately $50 million. Shipments are expected to begin during the fourth quarter 2006. "This is our third consecutive quarter of positive income from continuing operations," noted Maurice B. Tose, TCS chairman, president and CEO, "and TCS expects to meet or exceed the 2006 results we anticipated going into the year. The quarter was also highlighted by a number of major wins. Our Government segment was taken to a new level when TCS was selected as one of six prime contractors for a multi-billion dollar world wide satellite services contract." Tose added, "During the quarter we also continued to optimize benefits from our investment in intellectual property. We also secured our 46th U.S. patent, and took other steps to monetize the value of this growing portfolio. We worked intensively with prospective buyers of our Enterprise division assets and expect to conclude dispositions by year-end." TSYS has exceeded earnings estimates by over 100% in each of the past three quarters. One out of the two analysts covering the stock raised his numbers for this year. Over the past two months, this year's estimates have increased from break-even to four cents per share. Earnings are expected to jump another 25% next year. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home