Insight Enterprises: 4Q Earnings Snapshot
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.
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.