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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.

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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