Insight Enterprises (NSIT) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Insight Enterprises (NASDAQ:NSIT) issued its quarterly earnings data on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02, Analyst Ratings Network reports. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Insight Enterprises updated its FY14 guidance to $2.02-2.10 EPS.
Insight Enterprises (NASDAQ:NSIT) traded down 4.47% during mid-day trading on Thursday, hitting $26.27. 262,028 shares of the company’s stock traded hands. Insight Enterprises has a 52-week low of $18.27 and a 52-week high of $31.94. The stock’s 50-day moving average is $28.60 and its 200-day moving average is $26.00. The company has a market cap of $1.075 billion and a P/E ratio of 15.86.
On the ratings front, analysts at Raymond James downgraded shares of Insight Enterprises from a “market perform” rating to an “underperform” rating in a research note on Monday, July 7th.
Insight Enterprises, Inc (NASDAQ:NSIT) is a global provider of information technology (IT) solutions to businesses and public sector institutions.
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