CDW: 2Q Earnings Snapshot
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.