Tech Data Corp. Q4 adjusted earnings Beat Estimates

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

The company's earnings totaled $116.8 million, or $3.11 per share. This compares with $1.3 million, or $0.03 per share, in last year's fourth quarter.

Excluding items, Tech Data Corp. reported adjusted earnings of $171.1 million or $4.55 per share for the period.

Analysts had expected the company to earn $4.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $10.46 billion from $10.03 billion last year.

Tech Data Corp. earnings at a glance:

-Earnings (Q4): $171.1 Mln. vs. $134.7 Mln. last year. -EPS (Q4): $4.55 vs. $3.50 last year. -Analysts Estimate: $4.03 -Revenue (Q4): $10.46 Bln vs. $10.03 Bln last year.

-Guidance: Next quarter EPS guidance: $1.80 - $2.10 Next quarter revenue guidance: $8.3 - $8.6 Bln