CLEARWATER, Fla. (AP) _ Tech Data Corp. (TECD) on Thursday reported fiscal first-quarter earnings of $48.1 million.

The Clearwater, Florida-based company said it had profit of $1.34 per share. Earnings, adjusted for one-time gains and costs, came to $2.22 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.

The information technology products distributor posted revenue of $8.18 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $7.89 billion.

Tech Data shares have decreased 5% since the beginning of the year. The stock has increased 47% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TECD at https://www.zacks.com/ap/TECD

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