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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (47440)	5/30/2001 5:11:00 PM
From: Sun Tzu	Respond to of 70976

The response to TECD over the next few days should tell how much is priced in for next Q (at least to some extent). ST Tech Data Q1 earnings ahead of expectations CLEARWATER, Fla., May 30 (Reuters) - Hardware and software distributor Tech Data Corp. (NasdaqNM:TECD - news) said on Wednesday its first-quarter earnings fell 14.5 percent but still beat analyst expectations. The company said net income totaled $31.8 million, or 57 cents per diluted share, compared with $37.2 million or 68 cents a year earlier. Analysts had expected the company's earnings to range from 48 cents to 51 cents, with an average of 50 cents, according to Thomson Financial/First Call. The company said on March 28 it expected earnings of 45 cents to 53 cents per share. Revenues fell to $4.68 billion from $4.92 billion in the year-ago period. Looking forward, the company said it expects second-quarter earnings of 39 cents to 45 cents per share, on revenues ranging from $4.1 billion to $4.3 billion. Analysts on average had expected second-quarter income of 51 cents per share, according to First Call.