Scalper1 News
Tech products reseller CDW (CDW) spiked to a record high Tuesday after the company reported fourth-quarter earnings that beat Wall Street’s expectations. The Vernon Hills, Ill.-based company earned 59 cents a share excluding items, up 9% year over year, on sales of $3.05 billion, up 12%. Analysts were looking for 54 cents EPS on sales of $2.96 billion. Excluding stock-based compensation and certain other costs, CDW earned 30 cents a share, down 14%. CDW’s public sector business outperformed its corporate business. The company’s corporate business, including sales to small, medium and large companies, increased revenue by nearly 9%. But revenue for the public sector business, including government, education and health care customers, rose 17%. “Our three-part strategy remains in place for 2015 – increase share of wallet with existing customers and add new customers, enhance our ability to deliver high-growth integrated solutions, and expand our services… Scalper1 News
Scalper1 News