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Computer Connection (NASDAQ:CNXN) Third Quarter 2022 Results
Key Financial Results
- Revenue: $775.7 million (up 3.2% from 3Q 2021).
- Net income: $23.2 million (up 16% from 3Q 2021).
- Profit margin: 3.0% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue.
- EPS: $0.88 (up from $0.77 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 months (TTM).
Computer Connection Earnings Sports
Looking ahead, revenue is expected to grow 2.4% per year on average over the next 3 years, compared to a 5.7% growth forecast for the Electronics industry in the United States.
Activity of the American Electronics industry.
The company’s shares are down 8.2% from a week ago.
Risk Analysis
Note that PC Connection is displayed 1 warning sign in our investment analysis that you should know about…
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take into account your goals, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Simply Wall St has no position in any stocks mentioned.
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