Insight Enterprises' Stock Down After Posting Lower Profit, Revenue in 1Q

Dow Jones
昨天
 

By Kelly Cloonan

 

Shares of Insight Enterprises declined after the company logged lower profit and revenue in the first quarter.

The stock was down 2.9% at $134.34 on Thursday. Shares have fallen 25% in the past 12 months.

The technology solutions provider before the open posted a first-quarter profit of $7.51 million, or 22 cents a share, compared with $67 million, or $1.74 a share, a year earlier.

Adjusted earnings per share were $2.06, ahead of estimates for $2.01 a share according to analysts polled by FactSet.

Revenue fell 12% to $2.10 billion. Analysts expected $2.19 billion.

The company's product sales led the revenue decline, down 13% from a year ago as its services sales fell 5%.

For the full-year, the company maintained its previous guidance for adjusted earnings per share of $9.70 to $10.10, up from $9.68 in 2024. The company continues to expect full-year low-single-digit gross profit growth.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

May 01, 2025 13:32 ET (17:32 GMT)

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