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PC Connection (NASDAQ: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.
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.
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).
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.
Posted In: CNXN
