PC Connection Q3 2023 Adj EPS $0.97 Beats $0.81 Estimate, Sales $693.09M Miss $740.11M Estimate
Portfolio Pulse from saritha@benzinga.com
PC Connection (NASDAQ:CNXN) reported Q3 2023 earnings of $0.97 per share, beating the analyst consensus estimate of $0.81 by 19.75%. However, the company's quarterly sales of $693.09 million missed the analyst consensus estimate of $740.11 million by 6.35%. This represents a 10.23% increase in earnings but a 10.65% decrease in sales compared to the same period last year.
November 01, 2023 | 8:09 pm
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PC Connection's Q3 2023 earnings beat estimates, but sales missed estimates. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
While the earnings beat is a positive sign, the miss on sales could be a concern for investors. This mixed result could lead to uncertainty about the company's performance, which may impact the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100