CDW Corporation has reported a decline in profits for the fourth quarter compared to the same period last year, although the results surpassed Wall Street expectations. The company's net income for the quarter was $264.2 million, translating to $1.97 per share, down from $296.1 million, or $2.18 per share, in the previous year.
On an adjusted basis, which excludes certain items, CDW Corporation achieved earnings of $332.7 million, or $2.48 per share. This exceeded the average analyst forecast, which projected earnings of $2.32 per share, with analysts typically omitting special items from their predictions.
The company's revenue for the quarter increased by 3.3%, reaching $5.186 billion, up from $5.018 billion in the prior year.
A quick overview of CDW Corporation's quarterly performance according to Generally Accepted Accounting Principles (GAAP):
- Earnings: $264.2 million, compared to $296.1 million last year.
- EPS: $1.97, compared to $2.18 last year.
- Revenue: $5.186 billion, compared to $5.018 billion last year.
