PC Connection (PCCC) Releases Earnings Results, Beats Expectations By $0.03 EPS

PC Connection (PCCC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.46. The company posted revenue of $676.16 million in the period, compared to analysts expectations of $663.24 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

PC Connection opened for trading at $25.58 and hit $26.06 on the upside on Thursday, eventually ending the session at $25.75, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 38,057 shares. Company has a market cap of $682 M.

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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