Home / Markets / Industries / Technology
Monday, November 23, 2009
Tech Data Net Income More Than Doubles
By Steve Gelsi
MarketWatch Pulse
NEW YORK -- Tech Data Corp. on Monday said net income rose to $43.1 million, or 84 cents a share, from $16.8 million, or 33 cents a share in the year-ago period. Sales fell 8% to $5.6 billion, amid an overall decline in spending on information technology. Wall Street analysts expected earnings of 71 cents a share and sales of $5.38 billion for Tech Data, according to a survey by FactSet Research. The prior-year period included a $23.5 million foreign currency exchange loss. "Although the magnitude and timing of an economic recovery remain uncertain, there are clearly signs of an improving outlook," the Clearwater, Fla. company said.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
Gov. Paterson on the Push for ...
-
Feb 10, 2010
Gov. Paterson on his success as governor
-
-
-
Gov. Paterson Denies 'Salaciou...
-
Feb 10, 2010
Gov. Paterson on rumors of his cheating
-
-
-
Gov. Paterson: We Need to Focu...
-
Feb 10, 2010
Gov. Paterson on New York’s financial crisis
-
-
-
Gov. Paterson on Aqueduct Stat...
-
Feb 10, 2010
Gov. Paterson on the Aqueduct bidding process
-
-
-
Euro Debt Could Boost Gold
-
Feb 9, 2010
FOXBusiness.com LIVE
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change