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Here's Why Tech Data Corp. Stock Is Down 21% Today

TheMotleyFool

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Here's Why Tech Data Corp. Stock Is Down 21% Today

Shares of IT products distributor Tech Data Corp. (NASDAQ: TECD) are down more than 21% at 1:45 p.m. EDT on Sept. 1, following the release of the company's second-quarter financial results after market close on Aug. 31. In short, two things are behind the big sell-off in Tech Data's stock today.

And as is often the case when a company's results fail to meet Wall Street analyst estimates, its stock gets beaten up.

Tech Data investors may feel this way today. Image source: Getty Images.

Source: Fool.com