CDW: 2Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported second-quarter earnings of $189.1 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $1.31. Earnings, adjusted for one-time gains and costs, came to $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The information technology company posted revenue of $4.37 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $4.32 billion.
CDW shares have declined 16% since the beginning of the year. The stock has risen 11% in the last 12 months.