Goldman says current Q1 Street estimates for Tech Data (TECD -1.6%) are too agressive given European weakness, and the firm sees risk to 2H revenues. It maintains its EPS estimate of $1.12 on $6.21B in revenue, which is 15% below consensus estimates of $1.17 per share on $6.19B in revenue.
Tech Data (TECD -5.36%) trades lower after its Q4 missed revenue estimates earlier today. Earnings fell 30% as the computer equipment and software distributor's decision to exit its operations in Brazil and Colombia weighed on bottom-line results.
IT products distributor Tech Data (TECD +0.6%) is outperforming after reporting FQ2 revenue of $6.45B (+18% Y/Y) and EPS of $1.10, beating consensus by $320M and $0.14. The company is authorizing a new $100M share repurchase program. It expects "mid-single digit organic sales growth" in both the U.S. and Europe in FQ2.