Insight Sales, Earnings Rise In 3Q

Thomson Financial/First Call had projected earnings of 26 cents per share.

The Tempe-based direct marketer previously stated that it expected sales to be between $840 million and $900 million with diluted earnings per share coming in between 23 cents and 29 cents, excluding restructuring charges.

Insight expects fourth-quarter revenue between $800 million and $850 million and earnings per share between 20 cents and 26 cents.

"We continue to be cautious in our short-term guidance due to economic uncertainties," CEO Timothy Crown said in a statement. "However, despite sluggish IT demand, Insight has opportunity to improve its earnings per share by successfully executing acquisition integration plans and making improvements at the operating line by both increasing gross margin and decreasing operating expenses."

Shares of Insight closed at $12.09 Thursday, down 32 cents, or 3 percent.