LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported first-quarter net income of $232.6 million.
The Lincolnshire, Illinois-based company said it had profit of $1.63 per share. Earnings, adjusted for one-time gains and costs, were $1.74 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The information technology company posted revenue of $4.84 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $4.61 billion.
CDW shares have climbed 34% since the beginning of the year. The stock has risen 63% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDW at https://www.zacks.com/ap/CDW
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