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PCM: 2Q Earnings Snapshot

EL SEGUNDO, Calif. (AP) _ PCM Inc. (PCMI) on Wednesday reported second-quarter net income of $7.9 million.

On a per-share basis, the El Segundo, California-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, were 82 cents per share.

The technology and consumer electronics company posted revenue of $546.4 million in the period.

PCM expects full-year earnings in the range of $2.20 to $2.30 per share.

PCM shares have risen 59 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.75, a drop of 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCMI at https://www.zacks.com/ap/PCMI