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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:46 EDTPCCC, TECD, AVT, IMTech 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
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March 2, 2015
17:39 EDTIMIngram Micro acquires ANOVO
The acquisition of ANOVO by Ingram Micro further expands its position as the leading global provider of device lifecycle services, while also strengthening the company's relationship with many of the world's largest mobile network operators and hardware manufacturers. ANOVO is a Europe based provider of repairs and regeneration solutions for high-tech products such as smartphones and set-top boxes across Europe and Latin America. ANOVO will continue to be led by François Lacombe, reporting directly to Shailendra Gupta, president at Ingram Micro Mobility. The company is expected to contribute in excess of $300M in annual services revenue and be modestly accretive to Ingram Micro's 2015 full year non-GAAP diluted earnings per share.
February 27, 2015
07:17 EDTIMIngram Micro weakness a buying opportunity, says Brean Capital
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February 26, 2015
18:43 EDTIMOn The Fly: After Hours Movers
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16:22 EDTIMIngram Micro sees Q1 EPS 40c-47c, consensus 55c
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16:21 EDTIMIngram Micro sees 2015 revenue relatively flat in U.S. dollars
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16:21 EDTIMIngram Micro reports Q4 EPS 98c, consensus 99c
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15:30 EDTIMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.

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