Tech Data (TECD) -1.5% AH after disclosing it won't file its FQ1 10-Q on time thanks to its...

|About: Tech Data Corporation (TECD)|By:, SA News Editor

Tech Data (TECD) -1.5% AH after disclosing it won't file its FQ1 10-Q on time thanks to its ongoing accounting review. Shares dove in March after the IT hardware distributor said it will have to restate results from FY11 onwards due to "improprieties" in its U.K. unit's accounting.