PC Connection CNXN reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
PC Connection missed estimated earnings by 13.85%, reporting an EPS of $0.56 versus an estimate of $0.65.
Revenue was down $60.80 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 13.99% drop in the share price the next day.
Here's a look at PC Connection's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.73 | 0.81 | 0.75 | 0.56 |
EPS Actual | 0.71 | 0.88 | 0.96 | 0.83 |
Revenue Estimate | 751.12M | 803.02M | 778.57M | 690.31M |
Revenue Actual | 732.45M | 775.69M | 828.51M | 788.34M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PC Connection management provided guidance for Q1 2023, expecting earnings between $0.53 and $0.55 per share.
To track all earnings releases for PC Connection visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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