Insight Enterprises: 3Q Earnings Snapshot
TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Wednesday reported third-quarter earnings of $32.2 million.
On a per-share basis, the Tempe, Arizona-based company said it had net income of 89 cents. Earnings, adjusted for one-time gains and costs, were 91 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The information technology provider posted revenue of $1.75 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.84 billion.
Insight Enterprises expects full-year earnings in the range of $4.40 to $4.45 per share.
Insight Enterprises shares have climbed 32 percent since the beginning of the year. The stock has increased 14 percent in the last 12 months.