×

The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Tech Data Corporation (TECD)

NEW YORK--(BUSINESS WIRE)-- The Klein Law Firm announces the commencement of an investigation of Tech Data Corporation (NASDAQ: TECD) concerning possible violations of federal securities laws.

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.

If you suffered a loss in Tech Data and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/TECD-Info-Request-Form-208.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005479/en/

The Klein Law Firm
Joseph Klein, Esq.
Telephone: 212-616-4899
Fax: 347-558-9665
www.kleinstocklaw.com

Source: The Klein Law Firm