PC Connection Q1 2024 GAAP EPS $0.50 Misses $0.64 Estimate, Sales $632.000M Miss $694.187M Estimate
Portfolio Pulse from Benzinga Newsdesk
PC Connection (NASDAQ:CNXN) reported Q1 2024 earnings of $0.50 per share, missing the consensus estimate of $0.64 by 21.88%. Quarterly sales were $632M, below the estimate of $694.187M by 8.96%, and a 13.13% decrease from the same period last year.
May 01, 2024 | 8:21 pm
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PC Connection reported lower than expected Q1 2024 earnings and sales, missing estimates with a significant year-over-year sales decrease.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
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