Reported 3 months ago
CDW Corp announced second-quarter results that fell short of analysts' estimates, reporting net sales of $5.42 billion, compared to expectations of $5.43 billion, and adjusted earnings of $2.50 per share, missing the $2.53 estimate. The decline is attributed to weak demand for IT solutions as customers, including federal agencies, cut budgets in response to economic volatility. Consequently, CDW's shares dropped by 5.3% in early trading.
Source: YAHOO