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Stock impact report

Connection (CNXN) Reports Record First Quarter Results; EPS and Operating Income Increase by 50% and 35%, Respectively, from Prior Q1

PC Connection, Inc. (CNXN) 
Last pc connection, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.connection.com/investor-relations
Company Research Source: Business Wire
FIRST QUARTER SUMMARY: Operating income: $15.5 million, up 35.1% y/y Gross profit: $96.4 million, up 11.1% y/y Diluted EPS: $0.42, compared to $0.28 for the prior year quarter Q1 Operating cash flow of $37.2 million MERRIMACK, N.H--(BUSINESS WIRE)-- Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading technology solutions provider to business, government, and education markets, today announced results for the first quarter ended March 31, 2018. Net income for the first quarter ended March 31, 2018 increased by 52.1% to $11.3 million, or $0.42 per basic and diluted share, compared to net income of $7.4 million, or $0.28 per basic and diluted share for the prior year’s quarter. Effective January 1, 2018, the Company adopted a new revenue recognition standard. Please note that the financial results presented in this re Show less Read more
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