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CDW Corporation (CDW) reported a profit for second quarter that dropped from the same period last year.


RTTNews | Aug 5, 2020 07:40AM EDT

07:40 Wednesday, August 5, 2020 (RTTNews.com) - CDW Corporation (CDW) reported a profit for second quarter that dropped from the same period last year.

The company's profit totaled $189.1 million, or $1.31 per share. This compares with $196.6 million, or $1.33 per share, in last year's second quarter.

Excluding items, CDW Corporation reported adjusted earnings of $225.3 million or $1.56 per share for the period.

Analysts had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.6% to $4.37 billion from $4.63 billion last year.

CDW Corporation earnings at a glance:

-Earnings (Q2): $225.3 Mln. vs. $237.7 Mln. last year.-EPS (Q2): $1.56 vs. $1.60 last year.-Analysts Estimate: $1.38-Revenue (Q2): $4.37 Bln vs. $4.63 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3118447/cdw-corporation-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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