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PCM: 3Q Earnings Snapshot

EL SEGUNDO, Calif. (AP) _ PCM Inc. (PCMI) on Wednesday reported third-quarter net income of $6 million, after reporting a loss in the same period a year earlier.

The El Segundo, California-based company said it had profit of 47 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 61 cents per share.

The technology and consumer electronics company posted revenue of $510.6 million in the period.

PCM expects full-year earnings in the range of $2.22 to $2.32 per share.

PCM shares have climbed 78 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.64, a climb of 26 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