Tech Data Misses 3Q Estimates
Information technology (IT) products distributor, Tech Data Corp. (NASDAQ:TECD) reported third quarter 2012 earnings of $1.26 per share that missed the Zacks Consensus Estimate by a penny. However, earnings per share (EPS) increased 17.8% year over year, primarily driven by strong top-line growth and aggressive share buyback activity during the quarter. Operating Performance Gross profit [...]
Information technology (IT) products distributor, Tech Data Corp. (NASDAQ:TECD) reported third quarter 2012 earnings of $1.26 per share that missed the Zacks Consensus Estimate by a penny. However, earnings per share (EPS) increased 17.8% year over year, primarily driven by strong top-line growth and aggressive share buyback activity during the quarter.
Operating Performance
Gross profit increased 6.3% year over year to $344.7 million. Gross margin of 5.2% remained flat on a year-over-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards