CDW (CDW) delivered earnings and revenue surprises of 2.04% and 11.58%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Declines for the Dow Jones Industrial Average (DJINDICES: ^DJI) were once again minimal, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) declined a bit more sharply. RH (NYSE: RH) released preliminary results for the holiday quarter that left shareholders of the high-end home furnishings retailer wanting more. Meanwhile, Dell Technologies (NYSE: DELL) joined the growing chorus of companies adding to concerns about the future of the labor market.
Dell shares fell Monday following news of layoffs at the PC maker.