CDW Corporation (CDW) announced an increase in profits for its second quarter compared to the same period last year, although the results did not meet Wall Street expectations.
The company reported earnings of $281.1 million, or $2.07 per share, up from $262.6 million, or $1.92 per share, in the second quarter of the previous year.
On an adjusted basis, excluding special items, CDW Corporation's earnings were $338.8 million, or $2.50 per share for the quarter.
Analysts, on average, had anticipated earnings of $2.53 per share, according to data from Thomson Reuters. These analysts' estimates generally do not account for special items.
The company's revenue for the second quarter declined by 3.6%, falling to $5.423 billion from $5.626 billion in the prior-year period.
### Key Financials (GAAP)
- **Earnings (Q2):** $281.1 million vs. $262.6 million last year
- **EPS (Q2):** $2.07 vs. $1.92 last year
- **Revenue (Q2):** $5.423 billion vs. $5.626 billion last year
