PCM, Inc. (NASDAQ: PCMI) reported Q3 EPS of $0.34, $0.23 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $545 million versus the consensus estimate of $596.17 million.

Commenting on PCM’s outlook, Khulusi concluded, “For the fourth quarter, we forecast adjusted EPS in the range of $0.55-$0.61, which assumes flattish revenue growth and gross margins between 14.25% and 14.75%. This forecast reflects the fact that a large and profitable customer rollout which occurred in Q4 2016 and was previously expected to reoccur in Q4 2017 has shifted to the first quarter of 2018, as well as the loss of a low profit public sector contract, which we were unwilling to rebid at a loss. This forecast also reflects the non-consolidation of the NCE in 2017 which we expect will continue to create a tough year over year comparison in the fourth quarter. Looking ahead to 2018, we are confident that our focus on cloud migration, security, managed services, software and the fastest growing solutions and emerging technologies in the IT market, positions us to grow faster than forecast for overall IT spending levels, and our goal is to grow our bottom line faster than our topline.”

For earnings history and earnings-related data on PCM, Inc. (PCMI) click here.