Tech Data (TECD) Tops Q3 EPS by 85c, Revenues Beat; Offers Q4 EPS/Revenue Outlook Above Consensus

November 29, 2018 6:04 AM

Tech Data (NASDAQ: TECD) reported Q3 EPS of $3.02, $0.85 better than the analyst estimate of $2.17. Revenue for the quarter came in at $9.34 billion versus the consensus estimate of $8.92 billion.

"I am pleased to report that our teams delivered a strong Q3 performance with great execution across our three regions. Worldwide sales grew 11 percent and we achieved high double-digit non-GAAP operating income and earnings per share growth. In addition, we generated $155 million in cash from operations, earned an adjusted return on invested capital of 12 percent, paid down $100 million of debt and returned $44 million to our shareholders through share repurchases," said Rich Hume, chief executive officer. "Our Q3 results reflect the powerful combination of our end-to-end portfolio and strong execution by our global teams. They also validate the strategic role we play in the IT Supply chain – delivering high value through our end-to-end portfolio to channel partners across the broad spectrum of IT products and solutions."


Tech Data sees Q4 2019 EPS of $3.90-$4.20, versus the consensus of $3.77. Tech Data sees Q4 2019 revenue of $10.5-10.9 billion, versus the consensus of $10.28 billion.

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


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