Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Tech Data profit beats analysts' estimates

Despite the rough economy, the bay area's largest company by revenue, Tech Data Corp., beat analysts' estimates in reporting first-quarter profits Thursday. Net income for the Clearwater IT distributor soared 132 percent to $23-million, or 43 cents a share, from $9.9-million, or 18 cents a share, a year ago. For the three months ended April 30, revenue climbed 12 percent to $6.07-billion from $5.4-billion last year. Analysts were expecting a profit of 42 cents per share on sales of $5.74-billion. Tech Data is predicting sales of $6-billion to $6.2-billion for the quarter ending July 31, above analysts' expectations of $5.66-billion. Its shares closed Thursday at $36.89, down 1 cent.

Tech Data profit beats analysts' estimates 05/22/08 [Last modified: Wednesday, May 28, 2008 11:41am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Early estimates peg Hurricane Irma damage at as much as $65B

    Banking

    The damage totals from Hurricane Irma are still being tallied, but early numbers are in: As of Tuesday, the storm is estimated to have caused between $42.5 billion and $65 billion of damage. That's according to a Tuesday release by Irvine, Calif.-based analytics company CoreLogic.

    Hurricane Irma is estimated to have caused up to $65 billion in damage, said analytics company CoreLogic. Pictured is 
Hermilo Munoz Castillo as wades down a flooded street to check on his home in southern Collier County, Fla. after Hurricane Irma passed. | [LOREN ELLIOTT | Times]
  2. Port Tampa Bay makes public/private commitment for $60 million expansion project

    Business

    TAMPA — Port Tampa Bay approved a public-private partnership agreement with four other entities to divvy up who will pay for a $60 million widening and extension of the Big Bend Channel.

    Port Tampa Bay approved a participation agreement with the U.S. Army Corps of Engineers, Florida Department of Transportation, Tampa Electric Company and Mosaic Company at the port's monthly board meeting on  Tuesday. Port Tampa Bay President & CEO Paul Anderson signs the agreement as Ram Kancharla; Port Tampa Bay's vice president of planning & development, Brandon Burch; project manager at United States Army Corps of Engineers, Lois Moore; of Alcalde and Fay and Charles Klug; Port Tampa Bay principal counsel, and Tim Murphy; deputy district engineer of the Army Corps., looks on. [Company handout]
  3. 7.1 magnitude quake kills more than 40, collapses buildings in Mexico

    World

    MEXICO CITY — A magnitude 7.1 earthquake rocked central Mexico on Tuesday, killing at least 44 people as buildings collapsed in plumes of dust and thousands fled into the streets in panic.

    A powerful 7.1 earthquake struck Mexico City on Tuesday, Sept. 19, 2017, collapsing buildings and sending thousands fleeing into streets exactly 32 years on the anniversary of the 1985 devestating earthquake. [Prensa Internacional | Zuma Press | TNS]
  4. Hurricane Maria strengthens on way to Puerto Rico, Virgin Islands

    Hurricanes

    ROSEAU, Dominica — Dominica's leader sent out an emotional plea for help as Hurricane Maria smashed into the Caribbean island causing "mind-boggling" devastation, but an ominous silence followed as …

    [National Hurricane Center]
  5. Tampa Bay concert venues offer deals, take donations for Hurricane Irma victims

    Blogs

    After a week-plus of concert cancellations brought on by Hurricane Irma, the Tampa Bay music scene is ready to get back to work. And Irma is still front and center in everyone's minds.

    Victor Wainwright