CDW: 4Q Earnings Snapshot
LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Thursday reported fourth-quarter profit of $159.3 million.
The Lincolnshire, Illinois-based company said it had profit of $1.05 per share. Earnings, adjusted for amortization costs and stock option expense, came to $1.32 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The information technology company posted revenue of $4.07 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $4.03 billion.
For the year, the company reported profit of $643 million, or $4.19 per share. Revenue was reported as $16.24 billion.
CDW shares have risen slightly more than 5 percent since the beginning of the year. The stock has risen 17 percent in the last 12 months.