CDW: Q2 Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported second-quarter profit of $279.3 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $2.04. Earnings, adjusted for amortization costs and stock option expense, were $2.49 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.40 per share.
The information technology company posted revenue of $6.15 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $6.16 billion.
CDW shares have fallen 12% since the beginning of the year. The stock has fallen roughly 2% in the last 12 months.