Tech Data Corp. Q1 Profit Advances 25%

(RTTNews) - Tech Data Corp. (TECD) announced earnings for its first quarter that increased from last year.

The company said its bottom line climbed to $37.0 million, or $1.05 per share. This was higher than $29.6 million, or $0.80 per share, in last year's first quarter.

Analysts had expected the company to earn $0.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.2% to $5.96 billion. This was up from $5.89 billion last year.

Tech Data Corp. earnings at a glance:

-Earnings (Q1): $37.0 Mln. vs. $29.6 Mln. last year. -Earnings Growth (Y-o-Y): 25.0% -EPS (Q1): $1.05 vs. $0.80 last year. -EPS Growth (Y-o-Y): 31.2% -Analysts Estimate: $0.94 -Revenue (Q1): $5.96 Bln vs. $5.89 Bln last year. -Revenue Change (Y-o-Y): 1.2%

-Guidance: Next quarter revenue guidance: $6.55 - $6.75 Bln Full year EPS guidance: $1.39 - $1.49