Insight Enterprises: 2Q Earnings Snapshot
Aug. 01, 2018
TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Wednesday reported second-quarter earnings of $51.5 million.
The Tempe, Arizona-based company said it had net income of $1.44 per share. Earnings, adjusted for restructuring costs, were $1.45 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The information technology provider posted revenue of $1.84 billion in the period, meeting Street forecasts.
Insight Enterprises expects full-year earnings in the range of $4.50 to $4.60 per share.
Insight Enterprises shares have increased 31 percent since the beginning of the year. The stock has climbed 24 percent in the last 12 months.