ePlus inc reports results for the quarter ended March 31 - Earnings Summary
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ePlus Inc. reported adjusted earnings of $1.11 per share for the quarter ended March 31, surpassing last year's EPS of 93 cents and analysts' expectations of 87 cents. However, revenue fell 10.2% to $498.11 million, below the expected $523.85 million. The company’s reported EPS was 95 cents, with a net income of $25.2 million. ePlus shares rose 7.1% this quarter but are down 11.5% year-to-date. Analysts maintain a "strong buy" rating, with a median 12-month price target of $77.00.
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