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CDW Stock Sinks To 52-Week Low - Here's Why - CDW (NASDAQ:CDW)
Summary by Benzinga
2 Articles
2 Articles
CDW Corporation Stock Plunges 20% After Revenue Beat Exposes AI Margin Squeeze
CDW shares fell 19.5% intraday after first-quarter gross margin dropped to 21.0% from 21.6%, despite net sales rising 9.2% to $5.68 billion. Adjusted earnings of $2.28 per share missed analysts’ estimates by one cent. Investors focused on a shift toward lower-margin hardware sales. The stock traded at $110.11, down $26.69 from Tuesday’s close. The post CDW Corporation Stock Plunges 20% After Revenue Beat Exposes AI Margin Squeeze appeared first …
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