Tech Data (TECD) Up Today After Reporting Earnings Earlier Today

Tech Data (NASDAQ: TECD) moved up over 3% today. Earlier today, Tech Data announced its third-quarter net income at $40.9 million, or 73 cents a share, up from $9.6 million, or 18 cents a share, in the year-ago quarter. The company’s sales in the three months ended October 31 grew by 9.1% to $5.9 billion, from $5.4 billion in the same period a year earlier.

Tech Data Corporation (Tech Data) is a distributor of information technology (IT) products, logistics management and other value-added services worldwide.

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