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

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

UPDATE: Raymond James Upgrades Tech Data (TECD) to Market Perform

November 25, 2015 6:45 AM EST

(Updated - November 25, 2015 8:53 AM EST)

Raymond James upgraded Tech Data (NASDAQ: TECD) from Underperform to Market Perform. Shared declined following Q3 results, and analyst said Brian G. Alexander thinks headwinds are now reflected in valuation.

Alexander explained, "Revenue weakened in the... More

Tech Data (TECD) Misses Q3 EPS Ests at Americas Segment Underperforms - Raymond James

November 24, 2015 11:21 AM EST

Raymond James maintains Tech Data (Nasdaq: TECD) at Underperform following Q3 results issued earlier.

Analyst Brian Alexander summarized: While EPS of $1.28 was above our estimate of $1.27, it was below consensus of $1.37 due to lower than anticipated Americas revenue (5% below our estimate) and... More