CDW Q3 Adj. EPS $2.72 Beats $2.60 Estimate, Sales $5.63B Miss $5.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
CDW reported Q3 adjusted earnings of $2.72 per share, beating the analyst consensus estimate of $2.60 by 4.62%. However, the company's quarterly sales of $5.63 billion missed the analyst consensus estimate of $5.87 billion by 4.12%, marking a 9.46% decrease from the same period last year.
November 01, 2023 | 11:04 am
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NEUTRAL IMPACT
CDW's Q3 earnings beat estimates but sales missed, indicating mixed performance.
CDW's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss and YoY decrease could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100