** charts after earnings **
- Reports Q2 (Jul) earnings of $1.74 per share, excluding non-recurring items, $0.32 worse than the Capital IQ Consensus of $2.06; revenues rose 39.8% year/year to $8.88 bln vs the $8.74 bln Capital IQ Consensus.
- Co issues mixed guidancefor Q3, sees EPS of $1.84-2.04, excluding non-recurring items, vs. $2.23 Capital IQ Consensus Estimate; sees Q3 revs of $9.0-9.35 bln vs. $8.71 bln Capital IQ Consensus Estimate
- "Our fiscal 2018 first-half results clearly show the enhanced earnings and cash-generating power of the new Tech Data. In Q2, worldwide sales exceeded plan and our teams maintained disciplined cost controls; however, we did not deliver the earnings we expected in the quarter," said Robert M. Dutkowsky, chairman and chief executive officer. "Tech Data is a stronger company today than it was a year ago. With the addition of Technology Solutions, we now have a richer portfolio of advanced technology vendors and customers, along with deeper skills to serve them. At the same time, we continue to accelerate the expansion of our capabilities in next-generation technologies. Our integration is progressing as planned and we are on track to deliver our synergy and debt reduction targets."
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