Insight Enterprises rises 9% in pre-market on preliminary Q2 earnings
Insight Enterprises Inc. (Nasdaq:NSIT) is up 9% in pre-market today after announcing better-than-expected preliminary second-quarter results after the close on Thursday. For the quarter ended June 30, earnings per share are expected to be between $0.57 and $0.59 per share, before a goodwill impairment charge. Tempe, Ariz.-based Insight will take a non-cash, pre-tax charge of $313 million during the second quarter, but it will not affect the company’s debt covenant compliance, cash flow or financial performance, the company said in a statement. Wall Street is expecting earnings per share of $0.52. The company will issue its second-quarter earnings on Aug. 11 after the market close.
In today’s pre-market, shares of the IT hardware and software provider are at $13.39, up $1.06 from Thursday’s close.
In today’s pre-market, shares of the IT hardware and software provider are at $13.39, up $1.06 from Thursday’s close.
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