Tech Data Corp. Profit Climbs 89% In Q1

(RTTNews) - Tech Data Corp. (TECD) revealed earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line totaled $70.1 million, or $1.87 per share. This was higher than $37.0 million, or $1.05 per share, in last year's first quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.5% to $7.66 billion. This was up from $5.96 billion last year.

Tech Data Corp. earnings at a glance:

-Earnings (Q1): $70.1 Mln. vs. $37.0 Mln. last year. -Earnings Growth (Y-o-Y): 89.5% -EPS (Q1): $1.87 vs. $1.05 last year. -EPS Growth (Y-o-Y): 78.1% -Analysts Estimate: $1.34 -Revenue (Q1): $7.66 Bln vs. $5.96 Bln last year. -Revenue Change (Y-o-Y): 28.5%

-Guidance: Next quarter EPS guidance: $1.95 - $2.08 Next quarter revenue guidance: $8.55 - $8.80 Bln