Tech Data Corp (TECD) Tops Q2 EPS Expectations

Tech Data Corp (NASDAQ: TECD) reported Q2 EPS of $1.12, $0.35 better than the analyst estimate of $0.77. Revenue for the quarter came in at $6.84 billion versus the consensus estimate of $6.72 billion.

For the third quarter ending October 31, 2014, the Company expects year-over-year low to mid single-digit sales growth in the Americas and mid to high single-digit sales growth in Europe, in euros. The Company also expects the gross margin percentage to be more in line with first-quarter levels, a non-GAAP effective tax rate of 31 to 33 percent and the average U.S. dollar to euro currency exchange rate to be $1.34 to €1.00.

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

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