Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Tech Data
So what: EPS of $1.03 grew 17% year over year, but came in short of the consensus estimate of $1.05. Revenue of $6.33 billion grew 13% year over year (10% adjusted for currency effects) but came in short of the consensus forecast of $6.4 billion.
Now what: For the current quarter outlook, management said only that it expects "year-over-year organic sales growth," hinting at potentially tepid sales. For the year, management said it's confident in Tech Data's "ability to achieve our stated goals of double-digit operating income and earnings growth." With first-quarter sales a little weaker than expected and lukewarm guidance, it appears TECD may have trouble meeting the consensus forecast of 14% EPS growth in 2011.
Interested in more info on TECD? Add it to your watchlist by clicking here.
Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.