PCTEL (PCTI) Reports In-Line Q1 EPS, Revenues Miss

PCTEL (NASDAQ: PCTI) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $17.5 million versus the consensus estimate of $18.03 million.

“Our priorities during this COVID-19 pandemic are to keep our employees safe and to serve our customers in critical infrastructure markets,” said David Neumann, PCTEL’s CEO. “While first quarter revenue didn’t meet our financial plan, we are pleased with our record-setting scanning receiver revenue in the quarter. This result reinforces our belief that 5G will be a growth driver for several years. We are well-positioned for the long-term with our cost structure and competitive products that enable wireless connectivity for mission critical applications.”

For earnings history and earnings-related data on PCTEL (PCTI) click here.

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