TECH-DATA TO MISS EARNINGS OUTLOOK

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TECH-DATA TO MISS EARNINGS OUTLOOK

 user 2005-08-11 at 10:32:00 am Views: 73
  • #12360

    Tech Data to miss earnings outlook
    August 2005 – Clearwater (FL): Tech
    Data’s Q2 2006 earnings are expected to be in the range of $12.5 million to
    $16.5 million, below the company’s previous outlook of between $24 million and
    $27 million.

    Chairman and CEO Steven Raymund claimed this was down to a
    lower-than-expected gross margin in the European region. He said: “While our
    Americas region continues to perform well, challenges in our European operations
    have impacted our overall earnings expectations for the quarter.”