PC Connection Q2 EPS $0.80 Beats $0.59 Estimate, Sales $733.55M Miss $797.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
PC Connection (NASDAQ:CNXN) reported Q2 earnings of $0.80 per share, beating the analyst consensus estimate of $0.59 by 35.59%. However, this is a 16.67% decrease from the same period last year. The company's quarterly sales were $733.55 million, missing the analyst consensus estimate of $797.14 million by 7.98%, and marking an 11.46% decrease from the same period last year.
August 04, 2023 | 12:09 pm
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PC Connection's Q2 earnings beat estimates but sales missed, and both earnings and sales decreased compared to the same period last year.
While the company beat earnings estimates, which could have a positive impact on the stock, it missed sales estimates and both earnings and sales decreased year over year. These negative factors could offset the positive impact of the earnings beat, leading to a neutral short-term impact on the stock.
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