PCTEL Q3 EPS $0.00 Miss $0.06 Estimate, Sales $17.39M Miss $20.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
PCTEL reported Q3 earnings per share (EPS) of $0.00, missing the estimate of $0.06. The company's sales also fell short of estimates, coming in at $17.39M instead of the expected $20.50M.
November 08, 2023 | 9:59 pm
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NEGATIVE IMPACT
PCTEL's Q3 earnings and sales missed estimates, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. PCTEL's missed earnings and sales estimates could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100