Tech Data Reports Third Quarter Fiscal Year 2020 Results
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Tech Data (TECD) Tops Q3 EPS by 3c, Revenues Miss
November 26, 2019 6:05 AM ESTTech Data (NASDAQ: TECD) reported Q3 EPS of $3.02, $0.03 better than the analyst estimate of $2.99. Revenue for the quarter came in at $9.12 billion versus the consensus estimate of $9.37 billion.
Worldwide net sales were $9.1 billion, a decrease of 2 percent compared to the prior-year quarter. On a constant currency basis, net sales were flat.Americas: Net sales were $4.2 billion, an increase of 2 percent compared to the prior-year quarter. On a constant currency basis, net sales... More