ePlus (PLUS) Misses Q3 EPS by 21c, offers guidance
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ePlus (PLUS) tumbles as technology business slows in Q3
February 7, 2024 10:41 AM ESTePlus (NASDAQ: PLUS) shares dropped Wednesday as its technology business suffered in the third quarter, resulting in its earnings and revenue missing consensus expectations.
The company reported Q3 EPS of $1.18, $0.21 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $509.1 million versus the consensus estimate of $595.07 million.
PLUS's technology business net sales decreased 19.2% to $494.2 million during the quarter, while its... More
