PC Connection: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
PC Connection (NASDAQ:CNXN) reported Q4 earnings with an EPS of $0.9, beating estimates by 2.27% but with a revenue decrease of $35.98 million from the previous year. The company has a history of beating EPS estimates, which previously led to a 4.99% share price increase the day after Q3 2023 earnings were announced.
February 14, 2024 | 9:20 pm
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PC Connection reported a Q4 EPS of $0.9, surpassing estimates by 2.27%, despite a revenue decrease from the previous year. Historically, beating EPS estimates has positively impacted its share price.
PC Connection's history of beating EPS estimates and the positive reaction in its share price following such announcements suggest a likely short-term positive impact on its stock. However, the decrease in revenue could temper some of the positive sentiment.
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