Insight Enterprises (NSIT) Misses Q4 EPS by 3c; Approves $50M Common Stock Buyback

Insight Enterprises (NASDAQ: NSIT) reported Q4 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.49 billion.

On February 10, 2016, the Company’s Board of Directors authorized the repurchase of up to $50 million of the Company’s common stock. The Company’s share repurchases will be made on the open market, subject to Rule 10b-18 or in privately negotiated transactions, through block trades, through 10b5-1 plans or otherwise, at management’s discretion. The amount of shares purchased and the timing of the purchases will be based on market conditions, working capital requirements, general business conditions and other factors. The Company intends to retire the repurchased shares.

GUIDANCE:

Insight Enterprises sees FY2016 EPS of $2.25-$2.35.

For earnings history and earnings-related data on Insight Enterprises (NSIT) click here.

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