Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Insight Enterprises
So what: Revenue totaled $1.24 billion, which was just about what the market was looking for. The bottom line told a similar story, with the $0.39 per-share profit just a penny more than the Street was forecasting.
Now what: CEO Ken Lamneck said that Insight was focused on integrating recent acquisitions during the quarter and improving its profitability through cost cutting. Full-year 2012 sales are expected to increase in the mid-single-digit range, with earnings per share expected between $2.20 and $2.30. The midpoint of that guidance is a little shy of the $2.27 consensus estimate.
Interested in more info on Insight Enterprises? Add it to your watchlist by clicking here.