Tech Data (TECD) reported earnings on Thur 8 March 2018 (b/o)

** charts after earnings **

Tech Data beats by $0.01, beats on revs 

• Reports Q4 (Jan) earnings of $3.50 per share, $0.01 better than the Capital IQ Consensus of $3.49; revenues rose 49.3% year/year to $11.09 bln vs the $10.57 bln Capital IQ Consensus.
• Co issuesguidance for Q1, sees EPS of $1.30-1.60, may not be comparable to $1.97 Capital IQ Consensus Estimate; sees Q1 revs of $8.0-8.3 bln, may not be comparable to $8.52 bln Capital IQ Consensus Estimate.
  • The co notes, the Business Outlook for worldwide net sales provided below is based on the new revenue recognition standard that the Company adopted as of February 1, 2018