CDW: 4Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Thursday reported fourth-quarter earnings of $185.6 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had profit of $1.27. Earnings, adjusted for amortization costs and to extinguish debt, came to $1.57 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The information technology company posted revenue of $4.54 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $4.39 billion.
For the year, the company reported profit of $736.8 million, or $4.99 per share. Revenue was reported as $18.03 billion.
CDW shares have declined almost 5% since the beginning of the year. The stock has climbed 59% in the last 12 months.