BLOOMINGDALE, Ill. (AP) _ Pctel Inc. (PCTI) on Thursday reported fourth-quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.
The Bloomingdale, Illinois-based company said it had profit of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The provider of antennas and services for wireless networks posted revenue of $22.9 million in the period.
For the year, the company reported net income of $3.8 million, or 21 cents per share, swinging to a profit in the period. Revenue was reported as $90.6 million.
Pctel shares have decreased 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.06, a climb of 44% in the last 12 months.