CDW Corporation Reports Q3 Earnings Beat on Revenue and EPS
CDW Corporation reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company achieved a Non-GAAP EPS of $3.26, surpassing estimates by $0.28, while total revenue reached $6.75 billion, representing a 17.6% increase year-over-year and beating projections by $560 million. Despite the strong top-line growth, CDW saw its gross margin narrow to 20.5%, down from 21.9% in the prior year period. This compression was attributed to shifts in sales mix and lower margins within specific product categories. Gross profit for the quarter rose by 10.3% to reach $1.39 billion.
Tickers: $CDW
Topics: earnings beat gross margin revenue growth