Insight Enterprises: 3Q Earnings Snapshot
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.