HERNDON, Va. (AP) — HERNDON, Va. (AP) — EPlus Inc. (PLUS) on Tuesday reported fiscal second-quarter net income of $31.3 million.
On a per-share basis, the Herndon, Virginia-based company said it had profit of $1.17. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.36 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The computer products reseller posted revenue of $515.2 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $576.5 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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