CDW: 2Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Thursday reported second-quarter earnings of $173 million.
The Lincolnshire, Illinois-based company said it had net income of $1.12 per share. Earnings, adjusted for amortization costs and stock option expense, were $1.38 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The information technology company posted revenue of $4.19 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $4.14 billion.
CDW shares have climbed 24 percent since the beginning of the year. The stock has risen 34 percent in the last 12 months.