VERNON HILLS, Ill. (AP) — VERNON HILLS, Ill. (AP) — CDW Corp. (CDW) on Wednesday reported first-quarter net income of $224.9 million.
On a per-share basis, the Vernon Hills, Illinois-based company said it had net income of $1.69. Earnings, adjusted for amortization costs and stock option expense, were $2.15 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The information technology company posted revenue of $5.2 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $4.89 billion.
CDW shares have declined nearly 6% since the beginning of the year. The stock has fallen 26% 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 CDW at https://www.zacks.com/ap/CDW
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