AP NEWS

Insight Enterprises: 4Q Earnings Snapshot

February 14, 2019

TEMPE, Ariz. (AP) _ Insight Enterprises Inc. (NSIT) on Thursday reported fourth-quarter profit of $47 million.

The Tempe, Arizona-based company said it had profit of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.32 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The information technology provider posted revenue of $1.75 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.76 billion.

For the year, the company reported profit of $163.7 million, or $4.55 per share. Revenue was reported as $7.08 billion.

Insight Enterprises expects full-year earnings to be $4.75 to $4.85 per share.

Insight Enterprises shares have increased 19 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSIT at https://www.zacks.com/ap/NSIT