CDW Sales, Earnings Up Slightly

CDW Computer Centers

The direct marketer, based here, earned $40.8 million, or 45 cents per share, compared with earnings of $40.5 million, or 45 cents per share, in the year-ago quarter. Revenue in the first quarter last year was $987.2 million.

The company's earnings met the Thomson Financial/First Call consensus forecast by analysts.

"Our sales increased despite estimated market decreases of 15 to 20 percent year-over-year in technology sales through distribution channels," said John Edwardson, chairman and CEO.

CDW shares fell $2.44, or 5 percent, to $49.73 Wednesday.