Insight Enterprises Reaffirms FY24 Adj. EPS Outlook; Q2 Results Miss Estimates

RTTNews | 342 days ago
Stocktwits
Insight Enterprises Reaffirms FY24 Adj. EPS Outlook; Q2 Results Miss Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) reaffirmed its adjusted earnings guidance for the full year 2024.

For fiscal 2024, the company continues to project adjusted earnings in the range of $10.60 to $10.90 per share. On average, five analysts polled by Thomson Reuters expect earnings of $10.75 per share on net sales growth of 7.50 percent to $9.86 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net earnings of $87.44 million or $2.27 per share, up from $80.48 million or $2.17 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $2.46 per share, compared to $2.56 per share last year.

Total net sales for the quarter decreased 8 percent to $2.16 billion from $2.35 billion in the prior-year quarter.

The Street was looking for earnings of $2.82 per share on revenues of $2.47 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: NSIT
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Continued Strength Predicted For Singapore Stock Market

Continued Strength Predicted For Singapore Stock Market

The Singapore stock market has moved higher in three straight sessions, improving almost 45 points or 1.1 percent along the way. The Straits Times Index now rests just beneath the 4,060-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 19 minutes ago
Malaysia Stock Market May Snap Losing Streak

Malaysia Stock Market May Snap Losing Streak

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The Japanese stock market has moved higher in back-to-back sessions, collecting more than 230 points or 0.6 percent in that span. The Nikkei 225 now sits just above the 39,820-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | 1h 4min ago
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has finished higher in three straight sessions, collecting more than 80 points or 2.5 percent along the way. The KOSPI now sits just beneath the 3,135-point plateau and it may extend its gains again on Thursday.
RTTNews | 1h 19min ago
Korea Rate Decision On Tap For Thursday

Korea Rate Decision On Tap For Thursday

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a lit day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate steady at 2.50 percent.
RTTNews | 2h 19min ago
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