CDW (CDW) Tops Q2 EPS by 18c

CDW (NASDAQ: CDW) reported Q2 EPS of $1.56, $0.18 better than the analyst estimate of $1.38. Revenue for the quarter came in at $4.37 billion versus the consensus estimate of $4.36 billion.

“This quarter, our financial results reflected variances across our diversified customer end markets directly related to the impact of the COVID-19 pandemic,” said Christine A. Leahy, chief executive officer, CDW. “I am extremely proud of our dedicated coworkers, who continued to meet the needs of our customers amidst unprecedented circumstances. Customer priorities included remote enablement, business continuity, security, optimization, and digital transformation.”

“CDW continues to be in a position of financial strength,” said Collin B. Kebo, chief financial officer, CDW. “We are confident in our balance sheet and liquidity position. We will continue to balance managing risk while supporting our customers.”

“While the depth and duration of the impact from COVID-19 remain unknowable, I am confident that technology will continue to be essential throughout this health and economic crisis and the recovery beyond. CDW will continue to invest in capabilities, and our coworkers will continue to orchestrate integrated solutions from our broad technology portfolio to deliver strategic outcomes for our customers,” concluded Leahy.

For earnings history and earnings-related data on CDW (CDW) click here.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Acme United (ACU) Misses Q1 EPS by 20c
• Warren Buffet's Berkshire stock target raised at UBS into earnings