Pctel Turns To Profit In Q4 - Quick Facts

(RTTNews) - Pctel Inc. (PCTI) said that its fourth-quarter net income was $470,000 or $0.02, compared to a loss of $8.32 million or $0.48 per share in the year ago quarter.

GAAP net income from continuing operations of $453,000 for the quarter, or $0.02 per share, compared to a net loss of $7.3 million from continuing operations or $0.41 per share for the same period last year. The goodwill and intangible asset impairment in the fourth quarter 2012 accounted for a net loss of approximately $0.44 per share in the quarter and year.

Non-GAAP net income from continuing operations was $2.1 million or $0.12 per share in the quarter, as compared to $1.5 million or $0.08 per diluted share in the same period last year.

The company said that its fourth-quarter revenue was $26.0 million unchanged from the same period last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share and revenues of $26.50 million for the quarter. Analysts' estimates typically exclude special items.