PC Connection, Inc. (NASDAQ:CNXN) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.65 per share.
For the full year, analysts predict revenues of $ 2593.73 million, while looking forward to income of $ 2.26 per share.
Previous Quarter Performance
PC Connection, Inc. posted income for the second quarter of $ 0.32 per share, from the revenue of $ 550.00 million. The quarterly earnings reduced 64.04 percent compared with the same quarter last year. Wall street analysts are predicting, CNXN to report 2Q20 income of $ 0.66 per share from revenue of $ 653.04 million. The bottom line results missed street analysts by $ 0.34 or 51.52 percent, at the same time, top line results fell short of analysts by $ 103.04 million or 15.78 percent.
Stock Performance
On Friday, shares of PC Connection, Inc. has traded high as $ 50.00 and has cracked $ 49.03 on the downward trend, reaching $ 49.78 with volume of 66.20 thousand shares.
According to the previous trading day, closing price of $ 49.78, representing a 63.75 % increase from the 52 week low of $ 30.10 and a 12.5 % decrease over the 52 week high of $ 56.33.
The company has a market capital of $ 1.30 billion and is part of the Technology sector and Computer Distribution industry.
Conference Call
PC Connection, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.connection.com
PC Connection, Inc., together with its subsidiaries, provides a range of information technology (IT) solutions. It operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions segments. The company offers IT products, including computer systems, software and peripheral equipment, networking communications, and other products and accessories.
