CDW Shares Dip As Q3 Sales Miss Amid Weak Hardware Demand And Customer Delays

CDW Corporation (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected third-quarter fiscal year 2024 financial results.

Net sales declined 2% year-over-year to $5.517 billion, missing the consensus of $5.719 billion. 

Net sales from the Corporate segment declined 4.4% to $2.61 billion, and the Small Business segment decreased 1.2% to $380 million.

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Total Public segment net sales fell 5.1% to $2.336 billion due to a decline in net sales to Government and ...