PC Tel Inc (PCTI) Releases Earnings Results, Misses Expectations By $-0.02 EPS

PC Tel Inc (PCTI) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.01. The company posted revenue of $21.07 million in the period, compared to analysts expectations of $22.50 million. The company’s revenue was down -20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

PC Tel Inc closed down -0.02 points or -0.45% at $4.39 with 20,567 shares getting traded on Wednesday. Post opening the session at $4.36, the shares hit an intraday low of $4.36 and an intraday high of $4.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 11, 2016, Martin H Singer (CEO) purchased 5,000 shares at $5.24 per share price. According to the SEC, on Jun 4, 2015, Jeffrey A Miller (Sr VP, Global Sales CS) sold 9,000 shares at $7.36 per share price. On Mar 5, 2015, David A Neumann (Vice President, GM) purchased 2,000 shares at $8.51 per share price, according to the Form-4 filing with the securities and exchange commission.

PCTEL Inc. (PCTEL) delivers performance critical telecom solutions. PCTEL RF Solutions develops and provides test equipment software and engineering services for wireless networks. The Company operates in two segments: Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers performance critical antennas and site solutions for wireless networks globally. The RF Solutions segment develops and provides performance critical test equipment software and engineering services for wireless networks. Its antennas support wireless standards for cellular private and broadband networks. PCTEL antennas and site solutions support networks worldwide including SCADA for oil gas and utilities fleet management industrial operations healthcare small cell and network timing deployment defense public safety education and broadband access.

PC Tel Inc

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