PCTEL Inc. Q4 Profit Retreats 80%

(RTTNews) - PCTEL Inc. (PCTI) released earnings for fourth quarter that declined compared to the same period last year.

The company said its bottom line dropped to $0.61 million, or $0.04 per share. This was down from $2.99 million, or $0.16 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.1% to $26.14 million. This was down from $29.40 million last year.

PCTEL Inc. earnings at a glance:

-Earnings (Q4): $0.61 Mln. vs. $2.99 Mln. last year. -Earnings Decline (Y-o-Y): -79.6% -EPS (Q4): $0.04 vs. $0.16 last year. -EPS Decline (Y-o-Y): -75.0% -Analysts Estimate: $0.04 -Revenue (Q4): $26.14 Mln vs. $29.40 Mln last year. -Revenue Change (Y-o-Y): -11.1%