BUZZ-CDW rises on strong fourth quarter results

IT solutions provider CDW's CDW.O shares rise 4.9% to $209 in premarket trading

Co reported Q4 net sales of $5.19 bln, beating analysts' estimates of $4.93 bln - LSEG

On an adjusted basis, co earned $2.48 per share, compared with estimates of $2.32 per share

CDW benefited from growing demand for its IT solutions, as small- and medium-sized businesses continue to spend on the company's services

In Q4, the gross profit margin was 22.3%, compared with 23% a year ago

CDW also announced a $750-million increase to its share repurchase authorization and a quarterly cash dividend of $0.625 per share

In 2024, the shares of the company fell 53.3%