As I read this, I really could find NO reason to not own TECD:
TECH DATA CORP (22-1/4, down 9-9/16 @ 10:24 am ET) on Tuesday
estimated its fiscal 4Q net income at $0.61-$0.64 per diluted
share, up from $0.53 a year earlier. The company said sales for
the quarter, ended Jan. 31, exceeded $3.8 billion, up more than 80
percent from the year-earlier $2.1 billion. Excluding the effect
of acquisitions, sales growth rates were about 12 percent, 24
percent and 9 percent in the U.S., Europe and other international
markets, respectively, the company said. Analysts polled by First
Call expected the company to post earnings of $0.69 a share for
the fourth quarter. Tech Data estimated net income for the quarter
was $33-$35 million, compared with $26.1 million a year earlier.
The current fourth-quarter results include estimated results for
its European subsidiary Computer 2000 AG. (Reuters) |
