Tech Data (TECD) Misses Q3 EPS by 14c, Offers Q4 Guidance

Tech Data (NASDAQ: TECD) reported Q3 EPS of $1.28, $0.14 worse than the analyst estimate of $1.42. Revenue for the quarter came in at $6.43 billion versus the consensus estimate of $6.53 billion.

Tech Data sees Q4revenue of $7.05-7.25 billion, versus the consensus of $7.43 billion.

• This assumes year-over-year constant currency sales growth of mid-single digits in both regions. This outlook excludes approximately $78 million of sales from the previous year's fourth quarter, due to the Company's exit from Chile, Peru and Uruguay. The Company also expects the gross margin percentage to be in line with recent levels, a non-GAAP effective tax rate of 25 to 27 percent and the average U.S. dollar to euro currency exchange rate to be $1.07 to €1.00.

For earnings history and earnings-related data on Tech Data (TECD) click here.

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