I think the reason for the drop is in this release. Look at the line about 3rd quarter earnings of .23-.29 BEFORE restructuring charges........'nuff said.
TEMPE, Ariz., July 25 (Reuters) - Insight Enterprises Inc. (NasdaqNM:NSIT - News), a computer reseller, on Thursday said its second-quarter profit rose 10 percent from a year ago as strong North American sales offset a decline in its UK operations.
The Tempe, Arizona, company posted net income of $13.1 million, or 28 cents a share, compared with $11.9 million, or 28 cents, in the year-earlier quarter.
Analysts polled by research firm Thomson First Call targeted, on average, 27 cents a share.
Net sales climbed 46 percent to $737.1 million from $504.8 million last year.
Insight said it sees third-quarter earnings between 23 cents and 29 cents a share before restructuring charges related to its UK operations, with revenues in the range of $840 million and $900 million.