PC Connection Q4 2023 Adj EPS $0.90 Beats $0.88 Estimate, Sales $696.47M Beat $673.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
PC Connection (NASDAQ:CNXN) reported Q4 2023 adjusted EPS of $0.90, surpassing the $0.88 estimate, with sales of $696.47M exceeding the $673.59M estimate. This represents a 4.91% decrease in sales compared to the same period last year.
February 14, 2024 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PC Connection reported a Q4 2023 adjusted EPS of $0.90, beating estimates, and sales of $696.47M, also above expectations but noted a 4.91% decrease in sales year-over-year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the reported decrease in sales year-over-year might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100