BUZZ-CDW rises on strong fourth quarter results

Reuters
05 Feb
BUZZ-<a href="https://laohu8.com/S/BXE.SI">CDW</a> rises on strong fourth quarter results

** IT solutions provider CDW's CDW.O shares rise 4.9% to $209 in premarket trading

** Co reported Q4 net sales of $5.19 bln, beating analysts' estimates of $4.93 bln - LSEG

** On an adjusted basis, co earned $2.48 per share, compared with estimates of $2.32 per share

** CDW benefited from growing demand for its IT solutions, as small- and medium-sized businesses continue to spend on the company's services

** In Q4, the gross profit margin was 22.3%, compared with 23% a year ago

** CDW also announced a $750-million increase to its share repurchase authorization and a quarterly cash dividend of $0.625 per share

** In 2024, the shares of the company fell 53.3%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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