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PCM: 4Q Earnings Snapshot

EL SEGUNDO, Calif. (AP) _ PCM Inc. (PCMI) on Wednesday reported fourth-quarter net income of $6.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the El Segundo, California-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, came to 57 cents per share.

The technology and consumer electronics company posted revenue of $564.1 million in the period.

For the year, the company reported profit of $22.8 million, or $1.83 per share. Revenue was reported as $2.16 billion.

PCM expects full-year earnings in the range of $2.55 to $2.75 per share.

PCM shares have increased 26 percent since the beginning of the year. The stock has nearly tripled 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