Tech Data (TECD) PT Lowered to $91 at Citi, Added to Negative Catalyst Watch
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Tech Data (TECD) Boosts Share Buyback Authorization by Additional $200M
August 29, 2019 6:04 AM EDTTech Data (NASDAQ: TECD) today announced that its Board of Directors has authorized an additional $200 million in share repurchases of the company's common stock. This authorization will supplement the $75 million that remained authorized and available, as of July 31, 2019, under the company's previous share... More
Tech Data (TECD) Tops Q2 EPS by 38c, Revenues Beat; Offers Q3 EPS/Revenue Mid-Point Above Consensus
August 29, 2019 6:02 AM EDTTech Data (NASDAQ: TECD) reported Q2 EPS of $2.69, $0.38 better than the analyst estimate of $2.31. Revenue for the quarter came in at $9.09 billion versus the consensus estimate of $8.73 billion.
We are pleased to report that Tech Data delivered an outstanding second quarter performance marked by broad-based improvement across our geographies. A stable demand environment, combined with strong execution by our teams, resulted in a number of key achievements, including: solid sales growth in constant currency, double-digit growth in operating income and earnings per share, positive cash flow, and an industry-leading return on invested capital,... More
