PCTEL (PCTI) Cuts Q1 Revs Outlook
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Price: $6.99 --0%
Financial Fact:
Weighted average shares - Diluted: 16.25M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Weighted average shares - Diluted: 16.25M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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PCTEL, Inc. (Nasdaq: PCTI), reports that it had lowered its revenue guidance for the quarter ending March 31, 2012 from $19 to $20 million to $16.5 to $17.2 million.
The Street currently sees revs of $19.3 million.
The company reported that carrier spending delays have resulted in order flow for its scanning receiver product line to run at approximately 60 percent of its historical run rate in the current quarter. PCTEL distributes its scanning receivers through the major providers of wireless test and measurement equipment, including Ascom, Anite, Swissqual, Accuver, Huawei, Dingli, and others. Management anticipates a return to historical run rate orders from these customers as carriers release and allocate their budgets.
PCTEL management anticipates growth for its scanning receiver business as LTE rollout will expand in 2012, driving the demand for engineering tools. In addition to continued LTE rollout in the U.S., Chinese carriers will rollout TD-LTE beginning in 2013 and European carriers will expand their rollout in 2012. The company will review its progress and outlook at the next quarterly earnings release conference call preliminarily scheduled for April 26, 2012.
The Street currently sees revs of $19.3 million.
The company reported that carrier spending delays have resulted in order flow for its scanning receiver product line to run at approximately 60 percent of its historical run rate in the current quarter. PCTEL distributes its scanning receivers through the major providers of wireless test and measurement equipment, including Ascom, Anite, Swissqual, Accuver, Huawei, Dingli, and others. Management anticipates a return to historical run rate orders from these customers as carriers release and allocate their budgets.
PCTEL management anticipates growth for its scanning receiver business as LTE rollout will expand in 2012, driving the demand for engineering tools. In addition to continued LTE rollout in the U.S., Chinese carriers will rollout TD-LTE beginning in 2013 and European carriers will expand their rollout in 2012. The company will review its progress and outlook at the next quarterly earnings release conference call preliminarily scheduled for April 26, 2012.
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