CDW's Q1 Earnings Miss Estimates, Revenues Decrease Y/Y

CDW Corporation (CDW) reported first-quarter 2024 non-GAAP earnings per share (EPS) of $1.92, which missed the Zacks Consensus Estimate of $2.16. Also, the bottom line declined 5.5% year over year.The company’s revenues decreased 4.5% year over year to $4.872 billion. Net sales decreased 4.9% at constant currency. The downtick was caused due to weakness across all business segments. However, quarterly revenues beat the consensus mark of $4.396 billion.Separately, the company announced a quarterly dividend o ...