CDW falls on third-quarter revenue miss

CDW

01/11/2023 13:49

** Shares of IT solutions provider CDW  CDW.O  fall 2.7% to
$195 after third-quarter results
    ** Co posts Q3 net sales of $5.63 billion vs estimates of
$5.86 billion, according to LSEG
    ** CDW reports lower sales from corporate and small-business
segments as well as UK and Canadian operations
    ** "Continued economic uncertainty has led customers to
focus their business priorities, resulting in a reduction or
delays in their technology spend," says CDW
    ** Co posts adjusted earnings of $2.72 per share vs
estimates of $2.60 
    ** As of last close, CDW shares up ~12% this year

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))