PCTEL Q2 Adj EPS $0.07 Beats $0.03 Estimate, Sales $20.58M Beat $20.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
PCTEL (NASDAQ:PCTI) reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $0.03 by 133.33%. However, this is a 30% decrease from the same period last year. The company also reported quarterly sales of $20.58 million, beating the estimate of $20.50 million by 0.38%, but this is a 17.61% decrease from the same period last year.
August 08, 2023 | 8:18 pm
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NEUTRAL IMPACT
PCTEL's Q2 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
PCTEL's Q2 results exceeded analyst estimates, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, leading to potential volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100