Tech Data Corp. Earnings Climb 33% In Q2

(RTTNews) - Tech Data Corp. (TECD) revealed a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line came in at $66.7 million, or $1.74 per share. This was higher than $50.3 million, or $1.42 per share, in last year's second quarter.

Analysts had expected the company to earn $2.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 39.8% to $8.88 billion. This was up from $6.35 billion last year.

Tech Data Corp. earnings at a glance:

-Earnings (Q2): $66.7 Mln. vs. $50.3 Mln. last year. -Earnings Growth (Y-o-Y): 32.6% -EPS (Q2): $1.74 vs. $1.42 last year. -EPS Growth (Y-o-Y): 22.5% -Analysts Estimate: $2.06 -Revenue (Q2): $8.88 Bln vs. $6.35 Bln last year. -Revenue Change (Y-o-Y): 39.8%

-Guidance: Next quarter EPS guidance: $1.84 - $2.04. Next quarter revenue guidance: $9.0 - $9.35 Bln