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CHICAGO - CDW (NASDAQ:CDW) Corporation (NASDAQ: CDW) reported fourth quarter earnings that surpassed analyst expectations, with both revenue and earnings per share (EPS) coming in above consensus estimates.
The technology solutions provider announced Q4 EPS of $2.48, beating the analyst estimate of $2.33 by $0.15. Revenue for the quarter reached $5.19 billion, exceeding the consensus estimate of $4.96 billion.
CDW’s Q4 revenue of $5.19 billion represents a significant increase from the same quarter last year, though the exact year-over-year growth percentage was not provided in the available information.
The company’s strong performance in both earnings and revenue suggests solid execution in the fourth quarter, despite ongoing economic uncertainties. However, CDW did not provide specific guidance for the upcoming quarters or fiscal year in the information given.
Following the earnings release, CDW’s stock price rose 1.33% in after-hours trading, indicating a mildly positive market reaction to the results.
"Our fourth quarter results demonstrate the strength of our business model and our team’s ability to execute in a dynamic market environment," said a company executive, though the specific attribution was not provided in the available information.
While the earnings and revenue beat are positive indicators for CDW, investors will likely look for additional details on the company’s outlook and strategy during the upcoming earnings call.
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