CDW: 1Q Earnings Snapshot

LINCOLNSHIRE, Ill. (AP) _ CDW Corp. (CDW) on Wednesday reported first-quarter net income of $152.9 million.

On a per-share basis, the Lincolnshire, Illinois-based company said it had profit of $1.02. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The information technology company posted revenue of $3.96 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.77 billion.

CDW shares have climbed 30% since the beginning of the year. The stock has increased 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDW at https://www.zacks.com/ap/CDW