PCTEL Inc. Bottom Line Falls 96% In Q3

(RTTNews) - PCTEL Inc. (PCTI) revealed earnings for third quarter that dropped from last year.

The company said its bottom line dropped to $0.11 million, or $0.01 per share. This was lower than $2.87 million, or $0.16 per share, in last year's third quarter.

Analysts had expected the company to earn $0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $26.53 million. This was down from $27.93 million last year.

PCTEL Inc. earnings at a glance:

-Earnings (Q3): $0.11 Mln. vs. $2.87 Mln. last year. -Earnings Decline (Y-o-Y): -96.2% -EPS (Q3): $0.01 vs. $0.16 last year. -EPS Decline (Y-o-Y): -93.8% -Analysts Estimate: $0.03 -Revenue (Q3): $26.53 Mln vs. $27.93 Mln last year. -Revenue Change (Y-o-Y): -5.0%