AP NEWS

Insight Enterprises: 3Q Earnings Snapshot

November 6, 2019

TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Wednesday reported third-quarter profit of $27.1 million.

The Tempe, Arizona-based company said it had net income of 76 cents per share. Earnings, adjusted for one-time gains and costs, were $1.10 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The information technology provider posted revenue of $1.91 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.99 billion.

Insight Enterprises expects full-year earnings in the range of $5.45 to $5.50 per share.

Insight Enterprises shares have risen 60% since the beginning of the year. The stock has risen 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSIT at https://www.zacks.com/ap/NSIT