Insight Enterprises: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 08:27 AM ET
Last Updated - Jun 22, 2023, 12:01 AM EDT
CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Insight Enterprises Inc. (NSIT) on Tuesday reported first-quarter net income of $50 million.
The Chandler, Arizona-based company said it had profit of $1.34 per share. Earnings, adjusted for amortization costs, were $1.78 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The information technology provider posted revenue of $2.32 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $2.5 billion.
