Why Insight Enterprises Shares Plunged

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What: Shares of Insight Enterprises (NAS: NSIT) have plunged today by as much as 14% after the technology company reported first-quarter earnings.

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 byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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