VERNON HILLS, Ill. (AP) — VERNON HILLS, Ill. (AP) — CDW Corp. (CDW) on Wednesday reported fourth-quarter net income of $279.5 million.
On a per-share basis, the Vernon Hills, Illinois-based company said it had net income of $2.14. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.57 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The information technology company posted revenue of $5.51 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.27 billion.
For the year, the company reported profit of $1.07 billion, or $8.08 per share. Revenue was reported as $22.42 billion.
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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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