Insight Enterprises, Inc. Reports Third Quarter 2020 Results
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Insight Enterprises (NSIT) Tops Q3 EPS by 24c, Revenues Miss; Offers FY20 EPS Guidance Above Consensus, FY20 Revenue Outlook Below Consensus
November 3, 2020 8:02 AM ESTInsight Enterprises (NASDAQ: NSIT) reported Q3 EPS of $1.38, $0.24 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $2.01 billion.
Gross profit increased 11% to $307.6 millionGross margin expanded 150 basis points to 15.9%Earnings from operations increased 38% to $61.5 millionAdjusted earnings from operations increased 22% to $71.8 millionDiluted earnings per share increased 45% to $1.10Adjusted diluted earnings per share increased 25% to $1.38Cash flow provided by operations in the first nine months of 2020 was $462.1 million compared to $168.6 million in the first nine months of... More