Insight Enterprises, Inc. Reports Second Quarter 2019 Results and Increases Full Year 2019 Guidance
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Insight Enterprises (NSIT) Tops Q2 EPS by 10c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus
August 6, 2019 8:09 AM EDTInsight Enterprises (NASDAQ: NSIT) reported Q2 EPS of $1.49, $0.10 better than the analyst estimate of $1.39. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.81 billion.
Gross profit increased 4% to $275.4 millionGross margin increased 60 basis points to 15.0%Earnings from operations decreased 3% to $72.1 millionAdjusted earnings from operations increased 1% to $76.0 millionDiluted earnings per share of $1.38 decreased 4% year to yearAdjusted diluted earnings per share of $1.49 increased 3% year over yearIn the second quarter of 2019, net sales remained flat, year to year, while gross profit increased 4%... More
