NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong notifies investors of an investigation concerning whether Tech Data Corporation (“Tech Data”) (NASDAQ:TECD) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/TECD-Info-Request-Form-1703. There is no cost or obligation to you.
On June 1, 2017, Tech Data reported its Q1 preliminary results, anticipating a non-GAAP earnings per share of $1.95-$2.08 for the quarter ending July 31, 2017. Then on August 31, 2017, Tech Data announced its Q2 preliminary results, with net income of $47.5 million, or $1.24 a share, compared to $50.3 million, or $1.31 a share, for the same period a year ago. Non-GAAP earnings per share were $1.74, below the outlook announced just months ago. Following this news, shares of Tech Data fell from a close of $110.29 per share on August 31, 2017 to a close of $87.46 per share on September 1, 2017.
To learn more about the investigation of Tech Data contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/TECD-Info-Request-Form-1703.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.