PC Connection Q2 Adj $1.00 Beats $0.83 Estimate, Sales $736.48M Beat $703.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
PC Connection (NASDAQ:CNXN) reported Q2 earnings of $1.00 per share, beating the $0.83 estimate and showing a 25% increase from last year. Sales were $736.48M, surpassing the $703.50M estimate and marking a 0.40% increase from the previous year.
July 31, 2024 | 8:12 pm
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PC Connection (NASDAQ:CNXN) reported strong Q2 earnings of $1.00 per share, beating the $0.83 estimate and showing a 25% increase from last year. Sales were $736.48M, surpassing the $703.50M estimate and marking a 0.40% increase from the previous year.
The strong earnings and sales performance, both beating analyst estimates, are likely to positively impact CNXN's stock price in the short term. The significant earnings beat and sales growth indicate robust business performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100