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Tech Data Corp. (TECD) Is Falling On Weak Forecast

Tech Data Corp. (TECD) reported fourth quarter EPS of $3.50 Thursday morning, up from $2.45 last year. Analysts expected EPS of $3.46. The company expects to report first quarter EPS of $1.30 to $1.60. Street expectations are for EPS of $1.98.

Tech Data gapped open sharply lower this morning and has continued to fall in early trade. Shares are now down 18.37 at $89.25. The stock has tumbled to a 3 1/2 month low.

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