Tech Data to miss earnings outlook

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3 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."