Tech Data Corp. (TECD) reported second quarter net income of $0.88 per share Tuesday morning, down from $1.10 per share in the previous year. The consensus estimate was for EPS of $1.17.
Tech Data gapped open lower Tuesday, but was range-bound throughout the session. The stock closed down by 2.91 at $49.24 on the highest volume of the year. Tech Data fell to a one-week low and dropped below its 200-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.