EPlus: Falls after Q4 sales disappoint
21/05/2021 16:07
** Shares of IT services provider PLUS.O fall 8% to $90.55
** Co on Thursday after market reported Q4 net sales of
$352.6 mln, falling short of Refinitiv IBES estimates of $390.8
mln urn:newsml:reuters.com:*:nBw8dc8Hsa
** The miss was driven by weakness in co's technology
business that comprises both hardware and software products
** Net earnings, however, rose 17.4% to $15.6 mln during the
qtr, helped by lower costs
** Including session moves, PLUS shares up over 2% this year
(Reporting by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com;))