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CDW: 2Q Earnings Snapshot

July 31, 2019

LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported second-quarter earnings of $196.6 million.

The Lincolnshire, Illinois-based company said it had net income of $1.33 per share. Earnings, adjusted for amortization costs and stock option expense, came to $1.60 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The information technology company posted revenue of $4.63 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $4.49 billion.

CDW shares have climbed 40% since the beginning of the year. The stock has risen 36% 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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