Tech Data Corp (TECD) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Tech Data Corp (TECD) reported quarterly earnings results on Thursday, Aug-25-2016. The company reported $1.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.43. The company posted revenue of $6353.70 million in the period, compared to analysts expectations of $6627.70 million. The company’s revenue was down -3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Tech Data Corp. Tech Data Corp was Initiated by Northcoast to “Neutral” on Aug 10, 2016.

Tech Data Corp closed down -0.01 points or -0.01% at $81.24 with 5,19,410 shares getting traded on Tuesday. Post opening the session at $81.6, the shares hit an intraday low of $80.9 and an intraday high of $82.14 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Mar 18, 2016, Steven A Raymund (director) sold 50,000 shares at $77.66 per share price. According to the SEC, on Mar 14, 2016, Alain Amsellem (SVP & CFO, Europe) sold 2,934 shares at $76.63 per share price. On Mar 11, 2016, Robert M Dutkowsky (Chief Executive Officer) sold 14,000 shares at $76.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market as well as providing customers with logistics capabilities and services. Its customers include approximately 115000 value-added resellers (VARs) direct marketers retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America South America Europe the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings the Company provides resellers training and technical support suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services) customized shipping documents product configuration or integration services and access to financing programs.

Tech Data Corp

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