Insight Surges Over 20% – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20092/Insight+Surges+Over+20%25+-+Zacks+Tale+of+the+TapePosted on Tuesday, May 12th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Insight Enterprises Inc. (NSIT) surged as high as 23% today due to stronger-than-expected first-quarter EPS and a full-year earnings guidance above analysts’ expectations.
Excluding items, earnings reached 8 cents per share, topping estimates by 7 cents. However, sales declined 14% to $951.2 million.
Insight projects adjusted profit between 80 cents and 87 cents for 2009. The consensus of 70 cents per share has remained static over the past 3 months.
Insight, currently a Zacks #3 Rank (”Hold”) company, is trading on volume of nearly 400,000 shares, compared to its daily average of 347,295.
“NSIT” Free Stock Analysis: Buy? Sell? Hold?
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