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.
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The Klein Law Firm
Joseph Klein, Esq.
Source: The Klein Law Firm