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Shares of Tech Data Group (TECD - Get Report) were falling considerably Thursday after the IT distributor missed sales estimates and issued weak guidance. 

The stock was falling 8.16% to $92.29 a share. 

Earnings per share came in at $4.55 on an adjusted basis, beating Wall Street's estimates of $4.03. Sales were $10.45 billion, missing analysts expectations of $10.63 billion. 

CEO Rich Hume, though, was encouraged by the results. "I am very pleased to report that our teams delivered an excellent Q4, capping a strong finish to a record year for Tech Data," Hume said. "Our fiscal 19 results demonstrate that our differentiated end-to-end portfolio, skills and capabilities are strengthening and expanding our position as a trusted partner to the world's leading technology vendors, while serving our customers better than any other company in our space." 

Company guidance for first-quarter 2019 EPS was slightly weak compared to Wall Street's expectations. Management guided for EPS of $1.80 to 2.10. Analysts were looking for $2.04. 

The stock is up 11% year-to-date.