PC Connection (PCCC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

PC Connection (PCCC) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.34 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.35. The company posted revenue of $572.39 million in the period, compared to analysts expectations of $602.78 million. The company’s revenue was down -1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

PC Connection closed down -0.23 points or -0.90% at $25.25 with 91,845 shares getting traded on Wednesday. Post opening the session at $25.42, the shares hit an intraday low of $25.035 and an intraday high of $25.6715 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 17, 2016, Negrini David Beffa (director) sold 16,700 shares at $24.09 per share price. According to the SEC, on Feb 10, 2016, Joseph Driscoll (Sr. VP, CFO and Treasurer) sold 4,725 shares at $22.18 per share price. On Dec 1, 2015, Timothy J Mcgrath (President and CEO) sold 5,000 shares at $22.30 per share price, according to the Form-4 filing with the securities and exchange commission.

PC Connection Inc. is a provider of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB) Large Account and Public Sector. The SMB Segment serves small-to-medium-sized business customers through the Company’s PC Connection Sales subsidiary. The Large Account Segment offers a range of IT products and services to larger corporate customers through the Company’s MoreDirect subsidiary. The Public Sector Segment generates sales through outbound telemarketing and field sales contacts by sales representatives focused on the business educational healthcare and government markets; the Company’s Websites and inbound calls from customers responding to the Company’s catalogs and other advertising media.

PC Connection

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