CDW Q2 Adj EPS $2.56 Beats $2.35 Estimate, Sales $5.63B Beat $5.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
CDW reported Q2 earnings of $2.56 per share, beating the analyst consensus estimate of $2.35 by 8.94%. This is a 2.81% increase over earnings of $2.49 per share from the same period last year. The company also reported quarterly sales of $5.63 billion, beating the analyst consensus estimate of $5.40 billion by 4.19%. However, this is an 8.46% decrease over sales of $6.15 billion the same period last year.
August 04, 2023 | 10:55 am
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NEUTRAL IMPACT
CDW's Q2 earnings and sales beat estimates, but sales decreased compared to the same period last year.
While CDW beat earnings and sales estimates, which is generally positive for the stock, the decrease in sales compared to the same period last year could be a concern for investors, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100