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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.
Insight Enterprises expects full-year earnings in the range of $9.90 to $10.10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NSIT">Zacks stock report on NSIT at https://www.zacks.com/ap/NSIT