Insight Enterprises, Inc. Reports Third Quarter 2019 Results
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Insight Enterprises (NSIT) Tops Q3 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus
November 6, 2019 8:03 AM ESTInsight Enterprises (NASDAQ: NSIT) reported Q3 EPS of $1.10, $0.03 better than the analyst estimate of $1.07. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.99 billion.
Net sales increased 9% to $1.91 billionGross profit increased 18% to $276.2 millionGross margin increased 100 basis points to 14.4%Earnings from operations decreased 11% to $44.4 millionAdjusted earnings from operations increased 7% to $58.9 millionDiluted earnings per share of $0.76 decreased 15% year to... More