PCTEL Inc. Bottom Line Rises 323% In Q2

(RTTNews) - PCTEL Inc. (PCTI) revealed a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $1.27 million, or $0.08 per share. This was higher than $0.30 million, or $0.02 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.3% to $24.24 million. This was down from $27.63 million last year.

PCTEL Inc. earnings at a glance:

-Earnings (Q2): $1.27 Mln. vs. $0.30 Mln. last year. -Earnings Growth (Y-o-Y): 323.3% -EPS (Q2): $0.08 vs. $0.02 last year. -EPS Growth (Y-o-Y): 300% -Analysts Estimate: $0.06 -Revenue (Q2): $24.24 Mln vs. $27.63 Mln last year. -Revenue Change (Y-o-Y): -12.3%