Insight Enterprises: 4Q Earnings Snapshot
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.