CDW Holding half-year revenue falls 35%, net loss widens
CDW Holding half-year revenue falls 35%, net loss widens
Overview
Electronics components supplier's half-year revenue fell 35% yr/yr
Company posted net loss of $3.4 mln for the period
Gross profit declined sharply yr/yr
Outlook
Company did not provide specific financial outlook
Result Drivers
REVENUE DECLINE - Revenue fell 35% yr/yr on lower revenue from the OEM and BLU businesses
HIGHER ADMINISTRATIVE EXPENSES - Administrative expenses rose 4.5% yr/yr, contributing to operating loss
LOWER GROSS PROFIT - Gross profit dropped 39% yr/yr amid falling sales
Company press release: ID:nSN7Kz14P
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $28.15 mln |
|
H1 Net Loss |
| $3.38 mln |
|
Analyst Coverage
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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