LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — CDW Corp. (CDW) on Wednesday reported second-quarter profit of $262.6 million.
On a per-share basis, the Lincolnshire, Illinois-based company said it had net income of $1.92. Earnings, adjusted for non-recurring costs and amortization costs, were $2.56 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The information technology company posted revenue of $5.63 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.39 billion.
CDW shares have risen roughly 5% since the beginning of the year. The stock has increased 3% in the last 12 months.
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, source Associated Press News