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.


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