Investor's Business Daily - Its Q1 earnings rose 17% to $1.03 a share as the computer equipment and software distributor saw sales growth continue in its European segment, but the results missed Wall Street expectations by 2 cents. It was the first time in 10 quarters that Tech Data's (NASDAQ:TECD - News) profit didn't beat projections. Sales grew 13% to $6.33 bil, also missing forecasts. Gross margin edged up to 5.3% from 5.2%. Shares plunged 12.3% to 46.99.
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