CDW: Q1 Earnings Snapshot

Associated Press Finance
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LINCOLNSHIRE, Ill. (AP) — LINCOLNSHIRE, Ill. (AP) — CDW Corp. (CDW) on Wednesday reported first-quarter earnings of $230.1 million.

The Lincolnshire, Illinois-based company said it had profit of $1.68 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $2.03 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The information technology company posted revenue of $5.1 billion in the period, which matched Street forecasts.

CDW shares have declined 6% since the beginning of the year. The stock has risen slightly more than 2% 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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