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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:46 EDTTECD, IM, AVT, PCCCTech Data falls after Q1 profit trails expectations
Shares of Tech Data (TECD), a wholesale distributor of technology products, are falling after the company's first quarter profit significantly trailed analysts' consensus estimate. WHAT'S NEW: This morning, Tech Data reported Q1 adjusted earnings per share of 72c and revenue of $6.73B, compared to expectations of 92c and $6.48B, respectively. The company forecast Q2 revenue growth in the low- to mid-single-digits, compared to consensus of $6.57B. The company expects Q2 gross margin percentage to be in-line with recent levels. ANALYST REACTION: This morning, research firm Raymond James said weakness in Tech data represented a buying opportunity. PRICE ACTION: In late morning trading, Tech Data fell $2.37, or about 3.8%, to $60.57 on nearly twice its average daily trading volume. Despite today's pull back, the stock is up about 21% over the past twelve months. OTHERS TO WATCH: Other companies that distribute technology products include Ingram Micro (IM), Avnet (AVT), and PC Connection (PCCC).
News For TECD;IM;AVT;PCCC From The Last 14 Days
Check below for free stories on TECD;IM;AVT;PCCC the last two weeks.
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August 27, 2014
07:11 EDTTECDTech Data price target raised to $73 from $70 at Brean Capital
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August 26, 2014
06:17 EDTTECDTech Data sees low to mid single-digit sales growth in Americas in Q3
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06:07 EDTTECDTech Data reports Q2 non-GAAP EPS $1.12, consensus 77c
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August 25, 2014
15:18 EDTTECDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Best Buy (BBY), consensus 31c; Golar LNG (GLNG), consensus (7c); DSW (DSW), consensus 32c; Tech Data (TECD), consensus 77c; Sanderson Farms (SAFM), consensus $3.82; Movado (MOV), consensus 54c; Trina Solar (TSL), consensus 14c.
August 24, 2014
21:59 EDTAVTVMware to hold a conference
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