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Tech Data Corp. (TECD) Has Jumped To A 3-Month High On Strong Q3 Earnings

Tech Data Corp. (TECD) reported third quarter adjusted EPS of $3.02 Thursday morning, which surpassed the consensus estimate of $2.17. The company expects to report fourth quarter EPS of $3.90 to $4.20. Analysts are expecting EPS of $3.77.

Tech Data gapped open sharply higher this morning and is now up 12.88 at $86.56. The stock has leaped to a 3-month high.

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