CDW: Q3 Earnings Snapshot

VERNON HILLS, Ill. (AP) — VERNON HILLS, Ill. (AP) — CDW Corp. (CDW) on Wednesday reported third-quarter net income of $315.5 million.

On a per-share basis, the Vernon Hills, Illinois-based company said it had net income of $2.32. Earnings, adjusted for amortization costs and stock option expense, came to $2.72 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.

The information technology company posted revenue of $5.63 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $5.82 billion.

CDW shares have increased 12% since the beginning of the year. The stock has increased 16% 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