PCTEL, Inc. (NASDAQ:PCTI) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.08 per share.
For the full year, analysts predict revenues of $ 77.22 million, while looking forward to income of $ 0.29 per share.
Previous Quarter Performance
PCTEL, Inc. came out with income for the second quarter of $ 0.11 per share, from the revenue of $ 19.84 million. The quarterly earnings contracted 15.38 percent while revenues contracted 15.57 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.07 per share from $ 20.27 million in revenue. The bottom line results beat street analysts by $ 0.04 or 57.14 percent, at the same time, top line results fell short of analysts by $ 0.43 million or 2.12 percent.
Stock Performance
Shares of PCTEL, Inc. traded low $ -0.06 or -1.16 percent on Wednesday, reaching $ 5.10 with volume of 81.90 thousand shares. PCTEL, Inc. has traded high as $ 5.25 and has cracked $ 5.08 on the downward trend
The closing price of $ 5.10, representing a 30.63 % increase from the 52 week low of $ 3.95 and a 46.53 % decrease over the 52 week high of $ 9.65.
The company has a market capital of $ 95.07 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
PCTEL, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pctel.com
PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things. It also offers radio frequency test and measurement tools that enhance the performance of wireless networks.
