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View the full TESS chart at Wikinvest

TESSCO (TESS 16.26 +1.19) expects record revenue and EPS for its second quarter.

The company expects to see second quarter earnings in the range of $0.42 to $0.47 per share, in-line with the $0.42 consensus.

On the top line, TESS expects revenues of $165 million to $170 million, well above the $146.7 million consensus.

The company said, “During Q2, our revenues grew by approximately 25% compared to last year’s second quarter due to strong performance in nearly all markets and product lines. Also, during the quarter we served an average of over 12,900 customers each month – another TESSCO record.”

In a separate release, the company today announced that its Board of Directors has reviewed and unanimously rejected the recent unsolicited non-binding acquisition proposal received from Discovery Group. On September 22, 2010, Discovery Group sent to the TESSCO Board of Directors a letter relating to its interest in acquiring all of the remaining shares of TESSCO that Discovery Group does not currently own at a price of $15.50 per share.

Regards,

Don