Pctel Inc: Soars On Better: than-expected Q2 profit
09/08/2019 16:29
** PCTEL Inc's shares PCTI.O jump as much as ~23% to $5.55
on Q2 profit beat
** Stock set for highest one-day percentage gain in more
than a decade
** Co brushes past analysts' estimates on higher revenues
from test and measurement products urn:newsml:reuters.com:*:nBw1xdsZsa
** Cost reduction and realignment actions also helped growth
in the quarter - CEO
** PCTI among top-5 performers across all exchanges
** Stock now up about ~32% YTD
(Reporting by Abhishek Manikandan in Bengaluru)
((Abhishek.Manikandan@thomsonreuters.com))