ePlus Inc. (NASDAQ: PLUS) experienced a significant surge in post-market trading, with its stock price soaring 5.16%. The move followed the release of the company's third-quarter fiscal 2026 financial results.
The technology solutions provider reported quarterly earnings of $1.45 per share, beating the analyst consensus estimate of $1.01 by 43.56% and representing a 104.23% increase from the same period last year. Quarterly sales reached $614.8 million, surpassing estimates of $551.8 million by 11.41% and marking a 24.6% year-over-year growth. Net earnings from continuing operations more than doubled to $33.4 million, while adjusted EBITDA surged 97.4% to $53.4 million.
Furthermore, ePlus raised its fiscal 2026 guidance, now expecting net sales to increase 20% to 22% year-over-year and adjusted EBITDA to grow 41% to 43%. The company also declared a quarterly cash dividend of $0.25 per common share. This combination of strong quarterly performance and an optimistic outlook for the full fiscal year drove positive investor sentiment in the after-hours session.