CDW Corporation Q4 Profit Increases, beats estimates

(RTTNews) - CDW Corporation (CDW) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $296.1 million, or $2.18 per share. This compares with $287.2 million, or $2.09 per share, in last year's fourth quarter.

Excluding items, CDW Corporation reported adjusted earnings of $349.1 million or $2.57 per share for the period.

Analysts on average had expected the company to earn $2.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.7% to $5.02 billion from $5.44 billion last year.

CDW Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $296.1 Mln. vs. $287.2 Mln. last year. -EPS (Q4): $2.18 vs. $2.09 last year. -Analyst Estimate: $2.56 -Revenue (Q4): $5.02 Bln vs. $5.44 Bln last year.