CDW Corp. CDW shares dropped in the extended session Tuesday after the IT software provider forecast revenue below the Wall Street consensus because of tight business spending. CDW shares fell 9% after hours, following a 0.7% rise to close the regular session at $190.29.
7% rise to close the regular session at $190.29. “The first quarter was marked by a period of intensifying economic uncertainty that led our customers to spend more cautiously and prioritize mission critical initiatives,” said Christine Leahy, CDW chair and chief executive, said in a statement. “This demand contraction resulted in first-quarter performance below our expectations,” Leahy said.
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