PCTEL (PCTI) Tops Q3 EPS by 2c

PCTEL (NASDAQ: PCTI) reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $23.6 million versus the consensus estimate of $23.57 million.

“We are pleased with our fourth consecutive quarter of solid performance with significant improvement in revenue and earnings per share compared to a year ago,” said David Neumann, PCTEL’s CEO. “Our 5G scanning receiver business continues to drive revenue growth and gross margins in a market that is in its early stages. We are also encouraged by the number of industrial IoT applications and the need for our antenna solutions which will drive long term growth for PCTEL.”

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

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