* Q3 EPS $1.07 vs est $0.95
* Q3 rev $6.16 bln vs est $5.79 bln
Nov 22 Technology distributor Tech Data
(TECD.O) posted quarterly results above Wall Street estimates,
helped by strong demand in Europe and the Americas, and said it
expects the demand trends to continue in the fourth quarter.
"(Fourth-quarter) sales could exceed historical seasonal
patterns, primarily in the Americas," Chief Executive Robert
Dutkowsky said in a statement.
August-October net income attributable to shareholders rose
to $50.5 million, or $1.07 a share, from $43.1 million, or 84
cents a share, a year ago.
Sales for the company, which distributes products of
Hewlett-Packard Co (HPQ.N) and Apple (AAPL.O), rose 9 percent
to $6.16 billion.
Analysts were looking for earnings of 95 cents a share,
before special items, on revenue of $5.79 billion, according to
Thomson Reuters I/B/E/S.
Net sales in Europe, which contributed 56 percent to the
total sales, rose about 9 percent to $3.46 billion, while sales
in the Americas grew 10 percent to $2.70 billion.
Tech Data's larger competitor Ingram Micro (IM.N) posted
quarterly results that marginally beat market expectation, late
Shares of Clearwater, Florida-based Tech Data, which have
gained 15 percent of their value since the company reported
second-quarter results, closed at $44.01 on Friday on Nasdaq.
(Reporting by Swati Chitnis in Bangalore; Editing by Maju