Anixter International (AXE -3%) trades lower on profit-taking, despite beating Q4 estimates on...

|About: Anixter International Inc. (AXE)|By:, SA News Editor

Anixter International (AXE -3%) trades lower on profit-taking, despite beating Q4 estimates on an 8% Y/Y increase in revenue. Operating margins were healthy given the weak economic environment in many parts of the world, as the company capitalized on its diverse product line to offset isolated pockets of weakness.