Insight Enterprises: 2Q Earnings Snapshot
TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Tuesday reported second-quarter earnings of $50 million.
On a per-share basis, the Tempe, Arizona-based company said it had profit of $1.38. Earnings, adjusted for one-time gains and costs, were $1.49 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The information technology provider posted revenue of $1.84 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.81 billion.
Insight Enterprises expects full-year earnings in the range of $4.85 to $4.95 per share.
Insight Enterprises shares have increased 23% since the beginning of the year. The stock has decreased 5% in the last 12 months.