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ePlus (NASDAQ:PLUS) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS
['Max Byerly']
Ticker Report
Here are the key takeaways from ePlus’ conference call:Get ePlus alerts:Demand and backlog strengthened: Bookings and open orders increased significantly, with open orders more than $650 million above the prior year and total open orders exceeding $1.5 billion.
Bookings and open orders increased significantly, with open orders more than $650 million above the prior year and total open orders exceeding $1.5 billion.
It repurchased approximately 251,000 shares for $20.8 million, declared a $0.27 per-share dividend, and authorized a new buyback plan for up to 1.5 million shares.
ePlus Price PerformanceShares of NASDAQ:PLUS traded down $2.49 during midday trading on Wednesday, hitting $94.56.
Also, CFO Elaine D. Marion sold 2,818 shares of ePlus stock in a transaction that occurred on Wednesday, July 29th.