Tech Data Corp. (TECD)

F3Q10 Earnings Call

November 23, 2009 8:00 am ET

LDK Solar Co., Ltd. (NYSE: LDK) reported a third-quarter net income of $29.4 million and revenue of $281.9 million.LDK Solar Co., Ltd. (NYSE: LDK) reported third-quarter net income of $29.4 million and revenue of $281.9 million. Net Income for the third quarter was $0.27 a share as compared to $0.77 a share in the year ago period. However, Analysts expected LDK to report loss of $0.13 a share and revenue of $259 million. LDK also provided fourth quarter outlook and expects fourth-quarter revenue to be between $280 million to $310 million while Wall Street analysts estimate revenues of $259 million. In the pre-market session, LDK climbed up 15% to $9.20. So far in 2009, LDK declined by over 35%.

Tyson Foods, Inc. (NYSE: TSN) today announced that its fourth-quarter loss was $456 million from a profit of $48 million from the same quarter last year. However, Tyson earned $0.28 a share on an adjusted basis. Tyson is up 0.69% or $0.07 to $13.14 in the pre-market session.

Campbell Soup Company (NYSE: CPB) reported a first quarter profit of $147 million, or $0.87 a share, as compared to $107 million, or $0.70 a share, from the same quarter last year. Sales were $2.2 billion, down from $2.3 billion in the first quarter of 2009. Analysts surveyed by FactSet Research expected earnings of $0.81 a share on revenue of $2.3 billion. CPB is up 3% to $35.15 in the pre-market session. In the last trading session, CPB closed at $34.12.

Tech Data Corporation (NASDAQ: TECD) soared over 5% to $45 in the pre-market after Tech Data announced revenue guidance for the fourth quarter of 2010. Tech Data expects revenue of $5.71 billion in the fourth quarter while analysts estimate revenue of $5.65 billion. TECD also reported an increase in net profit for the third quarter of 2009 as compared to the third quarter of 2008.

Tech Data Corporation (NASDAQ: TECD) climbed 5% to $44.98 after it reported third-quarter net income of $43.1 million, or $0.84 a share as compared to $16.8 million or $0.33 per share from the same quarter last year. While sales were $5.6 billion, a decrease of 8% from the year ago period. Analysts expected earnings of $0.71 a share and sales of $5.38 billion.

Origin Agritech Ltd. (NASDAQ: SEED) jumped 22% to $6.40 in the pre-market session after Origin Agritech announced that the company has received the Bio-safety Certificate from the Ministry of Agriculture as a final approval for commercial approval of the world's first genetically modified phytase corn. In the trading session, SEED closed at $5.21. So far this year, SEED gained over 155%.

Yongye International, Inc. (NASDAQ: YONG) moved up 9.04% to $8.52 in the pre-market session. The 52 week trading range for YONG is $0.65 - $12.00. YONG ended at $8.52 in the last trading session. In the last six month, YONG gained over 23%.

Dataram Corporation (NASDAQ: DRAM) surged 6.90% to $5.08. In the last trading session, DRAM closed at $4.75. So far in 2009, DRAM climbed up over 260%.

TTI Team Telecom International Ltd. (NASDAQ: TTIL) climbed 1.85% to $2.16 in the pre-market session. TTIL made a 52 week high at $2.57 in the last trading session. Yesterday, TTIL announced that it will hold the 2009 Annual General Meeting of shareholders on December 31, 2009. In the last six months, TTIL gained over 160%.

Star Bulk Carriers Corp. (NASDAQ: SBLK) increased 5.49% to $3.46 in the pre-market. The 52 week trading range for SBLK is $1.19 - $5.45. So far in 2009, SBLK gained over 35%.

Zions Bancorporation (NASDAQ: ZION) moved up 3.27% to $12.96 after Zions Bancorporation was upgraded by Soleil Securites from Hold to Buy at a price target of $17.50. The 52 week trading range for ZION is $5.90 - $31.95.