PCC Group Inc.: The Brea microcomputer wholesaler...

PCC Group Inc.: The Brea microcomputer wholesaler reported first-quarter earnings Monday of $135,000, a 70% drop compared to the same period last fiscal year, when the company had $458,000 in earnings.

The company said its earnings per share were 4 cents for the quarter ended Dec. 31, compared to 21 cents a share in the same period last year. It came on revenues of $15.9 million, a nearly 39% reduction over the $25.8 million reported in the first quarter of last fiscal year.

PCC blamed the earnings decrease on lower sales volume, tighter profit margins and high interest costs because of unplanned borrowing. The reduction in revenue was blamed on downsizing and a corporate diversification program initiated in June, 1993.