CDW: 2Q Earnings Snapshot

August 2, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDW at https://www.zacks.com/ap/CDW

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