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TECD

Tech Data Corporation

6/18/2013, 9:41 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 10, 5:50 PM 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. Comment! [Tech]
Thursday, March 21, 6:33 PM After-hours top gainers, as of 6:00 p.m.: NKE +8%. PCC +7%. ANAC +5%. MU +4%. GMO +3%.
After-hours top losers: NWY -18%. TIBX -14%. TECD -9%. SNMX -8%. EGHT -4%. 2 Comments [On the Move]
Thursday, March 21, 5:09 PM Tech Data (TECD) has resumed trading following its earnings restatement disclosure. Shares -10.7% AH to $44.25. The IT distributor's 52-week low is $42.25. 1 Comment [Tech, On the Move]
Thursday, March 21, 4:56 PM Tech Data (TECD) is restating some or all of its results from FY11 onwards to "correct improprieties" in its U.K. subsidiary's vendor accounting. Tech Data estimates the restatement will lower net income by $25M-$33M over the period in question, and will likely seek a 15-day extension for the filing of its FY13 (ended Jan. '13) 10-K. Shares are halted. (PR) Comment! [Tech, Breaking News, Earnings]
Friday, March 8, 2:40 PM Giant IT hardware distributor CDW has hired JPMorgan, Barclays, and Goldman to handle a 2013 IPO that could raise ~$750M, Reuters reports. CDW was taken private in '07 by P-E firms Madison Dearborn and Providence Equity for $7.3B, and had 2012 sales of $10.1B. The company's rivals include Arrow (ARW), Avnet (AVT), Ingram Micro (IM), and Tech Data (TECD). 1 Comment [Tech]
Monday, March 4, 6:06 AM Tech Data (TECD): Q4 EPS of $1.48 misses by $0.28. Revenue of $7.44B beats by $220M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, December 13, 2012, 12:02 PM Apple (AAPL -1.1%) roundup: 1) A U.S. court has declared the iPhone infringes 3 patents owned by MobileMedia, a patent-trolling business owned by Sony, Nokia, and video IP owner MPEG-LA. Apple owns 58% of Rockstar Bidco, a similar outfit. 2) Raymond James notes 12% of IT distributor Tech Data's (TECD) sales are now Apple-related, and views this as a sign of Apple's rising enterprise clout. 3) Reuters reporters canvassing major cities worldwide declare consumer interest in Apple products to be as high as ever. 4 Comments [Tech]
Tuesday, November 20, 2012, 6:03 AM Tech Data (TECD): Q3 EPS of $1.21 misses by $0.12. Revenue of $6.04B (-8.3% Y/Y) misses by $200M. (PR) Comment! [Earnings, Tech]
Tuesday, August 21, 2012, 6:04 AM Tech Data (TECD): Q2 EPS of $0.88 misses by $0.29. Revenue of $5.96B (-8% Y/Y) beats by $130M. (PR) Comment! [Earnings, Tech]
Monday, May 21, 2012, 6:43 AM Tech Data (TECD): Q1 EPS of $1.24 beats by $0.07. Revenue of $5.9B (-6.9% Y/Y) misses by $300M. (PR) Comment! [Earnings]
Wednesday, May 16, 2012, 1:15 PM 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. Comment! [Tech, On the Move]
Tuesday, February 28, 2012, 3:43 PM 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. Comment! [Tech, Earnings, On the Move]
Tuesday, February 28, 2012, 6:36 AM Tech Data (TECD): Q4 EPS of $1.75 beats by $0.11. Revenue of $7.11B (-0.1% Y/Y) misses by $50M. (PR) Comment! [Earnings, Tech]
Tuesday, February 28, 2012, 12:05 AM Notable earnings before Tuesday's open: ARCC, ARIA, AZO, BMO, CRZO, CVC, DPZ, ECL, FE, FIG, HFC, NRG, RDC, SDRL, SRE, TECD, THC, VPHM, WNR, XYL Comment! [Earnings]
Monday, February 27, 2012, 5:30 PM Notable earnings before Tuesday's open: ARCC, ARIA, AZO, BMO, CRZO, CVC, DPZ, ECL, FE, FIG, HFC, NRG, RDC, SDRL, SRE, TECD, THC, VPHM, WNR, XYL Comment! [Earnings]
Monday, February 13, 2012, 6:41 PM Barclays' Ben Reitzes lifts his estimates for Dell (DELL) and Tech Data (TECD) ahead of this month's earnings reports. Reitzes thinks Dell, which has struggled to deal with the PC industry's troubles and soft corporate IT spending, has been gaining share against H-P (HPQ - also reporting this month). As for Tech Data, he thinks the IT distributor will benefit from "higher margins and solid execution." Comment! [Tech, Quick Ideas]