01.11.2023 12:23:10 - dpa-AFX: CDW Corporation Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - CDW Corporation (CDW) reported a profit for its third
quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $315.5 million, or $2.32 per share. This
compares with $297.8 million, or $2.17 per share, in last year's third quarter.
Excluding items, CDW Corporation reported adjusted earnings of $369.4 million or
$2.72 per share for the period.
Analysts on average had expected the company to earn $2.60 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 9.5% to $5.63 billion from $6.22
billion last year.
CDW Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $315.5 Mln. vs. $297.8 Mln. last year.
-EPS (Q3): $2.32 vs. $2.17 last year.
-Analyst Estimate: $2.60
-Revenue (Q3): $5.63 Bln vs. $6.22 Bln last year.
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