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Insight Enterprises Shares Rise After Higher Q1 Adjusted Earnings, Net Sales, 2024 Adjusted EPS Outlook
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Insight Enterprises Shares Rise After Higher Q1 Adjusted Earnings, Net Sales, 2024 Adjusted EPS Outlook
May 2, 2024 7:50 AM

10:27 AM EDT, 05/02/2024 (MT Newswires) -- Insight Enterprises ( NSIT ) shares rose nearly 4% in recent Thursday trading after the technology company posted higher Q1 adjusted earnings and total net sales that also were ahead of analysts' expectations.

The company reported Q1 adjusted earnings of $2.37 per diluted share, up from $1.78 a year earlier.

Analysts polled by Capital IQ expected $1.81.

Total net sales for the quarter ended March 31 were $2.38 billion, up from $2.32 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.30 billion.

For full-year 2024, the company said it now expects adjusted diluted EPS of $10.60 to $10.90, up from the prior range of $10.50 to $10.80. Analysts polled by Capital IQ expect $10.61.

Separately, Insight said that Chief Financial Officer Glynis Bryan intends to retire, effective Dec. 31, and then will move to an advisory role.

The company has started a search for its new CFO, Insight added.

Price: 180.18, Change: +6.96, Percent Change: +4.02

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