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Insight Enterprises: 4Q Earnings Snapshot

February 11, 2021 GMT

TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Thursday reported fourth-quarter profit of $53.4 million.

The Tempe, Arizona-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, came to $1.76 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The information technology provider posted revenue of $2.29 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.11 billion.

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For the year, the company reported profit of $172.6 million, or $4.87 per share. Revenue was reported as $8.34 billion.

Insight Enterprises shares have increased 11% since the beginning of the year. The stock has climbed 26% 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