Converge Technology Solutions Corp T.CTS

Quick review

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Converge will be reporting Q2 the morning of Aug 9.

Good time to review Q1 for comparison purposes.

Revenue was $678.2 million
Depreciation   $25.9  million
Loss                   $3.36 million
Loss to CTS s/h $1.957 million
Cash Q1 end       $139 million
Shares out          211.4 million

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By coincidence, Scotia's analyst published a Q2 review for the tech service sector. Most estimates trimmed due to cautious spend from customers. For Converge, Q2 Revenue estimate is $639.9 million (previously $656.5 mm estimate).  Net income becomes a loss of $1.4 million  (prev. income of $5.6 million). Adjusted net income is $21.3 mm  (prev $28.5 mm). Admittedly, most people