PC Tel (NASDAQ:PCTI) Posts Quarterly Earnings Results, Meets Expectations

PC Tel (NASDAQ:PCTI) issued its quarterly earnings results on Thursday, March 15th. The Wireless communications provider reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08, Bloomberg Earnings reports. PC Tel had a net margin of 4.09% and a return on equity of 2.15%. The company had revenue of $23.30 million during the quarter, compared to analysts’ expectations of $23.73 million. During the same quarter last year, the company posted $0.08 EPS.

NASDAQ:PCTI traded down $0.22 during midday trading on Friday, hitting $7.02. 43,142 shares of the company were exchanged, compared to its average volume of 29,983. The firm has a market capitalization of $131.32, a P/E ratio of 70.20 and a beta of 0.56. PC Tel has a fifty-two week low of $5.65 and a fifty-two week high of $8.48.

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Separately, B. Riley restated a “buy” rating on shares of PC Tel in a report on Monday, March 12th.

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PC Tel Company Profile

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

Earnings History for PC Tel (NASDAQ:PCTI)

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