12:42 PM EDT, 05/01/2024 (MT Newswires) -- (Updates with stock price movement in first paragraph and headline)

CDW (CDW) shares were down more than 10% in recent Wednesday trading after the company reported lower-than-expected Q1 results.

CDW booked Q1 non-GAAP earnings of $1.92 per diluted share, down from $2.03 a year earlier.

Analysts polled by Capital IQ expected $2.15.

Net sales for the quarter ended March 31 were $4.87 billion, compared with $5.10 billion a year earlier.

Analysts polled by Capital IQ expected $5.03 billion.