Plus   Neg

Tech Data Corp. Earnings Rise In Q4

Tech Data Corp. (TECD) revealed a profit for its fourth quarter that rose from last year.

The company said its bottom line rose to $134.7 million, or $3.50 per share. This was up from $87.0 million, or $2.45 per share, in last year's fourth quarter.

Analysts had expected the company to earn $3.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 49.3% to $11.09 billion. This was up from $7.43 billion last year.

Tech Data Corp. earnings at a glance:

-Earnings (Q4): $134.7 Mln. vs. $87.0 Mln. last year.
-Earnings Growth (Y-o-Y): 54.8%
-EPS (Q4): $3.50 vs. $2.45 last year.
-EPS Growth (Y-o-Y): 42.9%
-Analysts Estimate: $3.46
-Revenue (Q4): $11.09 Bln vs. $7.43 Bln last year.
-Revenue Change (Y-o-Y): 49.3%

Next quarter EPS guidance: $1.30 - $1.60
Next quarter revenue guidance: $8.0 - $8.3 Bln

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

comments powered by Disqus
Follow RTT