CDW: 1Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported first-quarter net income of $167.9 million.
The Lincolnshire, Illinois-based company said it had profit of $1.16 per share. Earnings, adjusted for one-time gains and costs, were $1.38 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.38 per share.
The information technology company posted revenue of $4.39 billion in the period, which also matched Street forecasts.
CDW shares have declined 23% since the beginning of the year. The stock has climbed almost 1% in the last 12 months.