Connection (NASDAQ:CNXN) Surges 10.4% on Beating Earnings, 11.5% EBITDA Surprise

Connection (NASDAQ:CNXN) surged 10.4% in a volatile afternoon session as the company reported adjusted earnings of $0.91 per share, beating analyst forecasts by 5.8%, and delivered an adjusted EBITDA 11.5% above consensus. Revenue for the quarter was $702.9 million, 0.8% lower than the prior-year period and 4.4% below estimates. Despite the revenue miss, the strong profitability lifted investor confidence and supported a broader equity rebound as tariff-related inflation fears abated after Trump suspended February 1 tariffs on Greenland and suspended military force considerations. The Nasdaq Composite rose 1.5% and the S&P 500 erased 2026 losses; the 10-year Treasury yield retreated from recent highs. Connection closed at $66.29, near its 52-week high of $71.73, and is up 16.5% YTD, with a $1,000 investment growing to $1,277 over five years.