CDW (CDW) reported Q4 non-GAAP net income Wednesday of $2.48 per diluted share, down from $2.57 a year earlier.
Analysts polled by FactSet expected $2.32.
Net sales for the quarter ended Dec. 31 were $5.19 billion, compared with $5.02 billion a year earlier. Analysts surveyed by FactSet expected $4.96 billion.
CDW said its board declared a quarterly dividend at $0.625 per share, payable March 11 to shareholders of record as of Feb. 25. The board has also increased the stock repurchase authorization by $750 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.