PC Connection Q3 2024 Adj EPS $0.97 Misses $1.00 Estimate, Sales $724.72M Miss $726.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
PC Connection (NASDAQ:CNXN) reported Q3 2024 earnings of $0.97 per share, missing the $1.00 estimate. Sales were $724.72M, slightly below the $726.97M estimate, but up 4.56% from last year.
October 30, 2024 | 8:25 pm
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NEGATIVE IMPACT
PC Connection's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.97 and sales at $724.72M. Despite the miss, sales increased by 4.56% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. However, the year-over-year sales growth of 4.56% provides a positive aspect. Overall, the immediate impact is likely negative due to the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100