HERNDON, Va. (AP) — HERNDON, Va. (AP) — EPlus Inc. (PLUS) on Tuesday reported fiscal first-quarter net income of $27.3 million.
On a per-share basis, the Herndon, Virginia-based company said it had profit of $1.02. Earnings, adjusted for stock option expense and non-recurring costs, were $1.13 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The computer products reseller posted revenue of $544.5 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $555.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLUS at https://www.zacks.com/ap/PLUS
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