PCTEL Inc. Earnings Climb 900% In Q3

(RTTNews) - PCTEL Inc. (PCTI) revealed a profit for its third quarter that advanced from last year.

The company said its bottom line totaled $1.10 million, or $0.07 per share. This was higher than $0.11 million, or $0.01 per share, in last year's third quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.9% to $24.69 million. This was down from $26.53 million last year.

PCTEL Inc. earnings at a glance:

-Earnings (Q3): $1.10 Mln. vs. $0.11 Mln. last year. -Earnings Growth (Y-o-Y): 900% -EPS (Q3): $0.07 vs. $0.01 last year. -EPS Growth (Y-o-Y): 600% -Analysts Estimate: $0.08 -Revenue (Q3): $24.69 Mln vs. $26.53 Mln last year. -Revenue Change (Y-o-Y): -6.9%