PC Connection clocks strong at Q3
PC Connection, Inc. (Nasdaq: PCCC), a direct marketer of IT products and services, this morning reported robust earnings for the third quarter.
For the three months ended Sept. 30, the Merrimack, N.H.-based company recorded net income of $7.7 million, or $0.28 per share, above the sole analyst’s estimate of $0.23 per share, as polled by Thomson. The small cap earned $4.4 million, or $0.17 per share, for the same quarter last year.
Net sales were $456.5 million, an increase of 9.9% over sales of $415.2 million for the third quarter of 2006. An analyst polled by Thomson forecasted sales of $455.08 million for the quarter.
Shares of PC Connection (PCCC) gained $1.20, or 8.7%, to $14.99 in pre-market trading. Shares of PC Connection have been trading in the range of $9.16 to $18.80 for the past 52 weeks.
