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CDW's Q2 Earnings Miss Estimates, Revenues Decrease Y/Y
CDWCDW (CDW) ZACKS·2024-07-31 14:20

Quarterly revenues declined 3.6% year over year to 5.423billion.Thedecreaseisattributedtoongoingeconomicvolatilityandthecomplextechnologylandscapeaffectingcustomerspending,worsenedbysoftresultsacrosstheCorporate,SmallBusinessandPublicsegments.However,thetoplinebeattheconsensusmarkof5.423 billion. The decrease is attributed to ongoing economic volatility and the complex technology landscape affecting customer spending, worsened by soft results across the Corporate, Small Business and Public segments. However, the top line beat the consensus mark of 5.4 billion. Net sales of CDW's Corporate segment amounted to 2.195billion,declining2.22.195 billion, declining 2.2% on a year-over-year basis. Net sales in Other (Canadian and U.K. operations) plunged 12.7% to ...