Tech Data tumble not hard to process

Clearwater-based Tech Data Corp., the Gulf Coast's largest company, posted favorable results in its last earnings report. So why did its stock take a 10% tumble after the numbers were released?

Tech Data's share value fell back to around $48 on May 23 after the company posted 13% higher quarterly revenue at $6.3 billion and 7% earnings growth at $48.7 million. The stock has stabilized at that price, with a 52-week range of $34.82 to $54.25, according to Yahoo! Finance.

Investopedia tried to explain the fallout, saying revenue came up just short of analysts' estimates and institutional investors expressed concern about soft consumer demand in Europe. Business in the Americas improved over the year, but not as much as analysts forecast.