Tech Data ( TECD - Get Report) announced lower then expected preliminary financial results for the second quarter ended July 31. The company expects net income $12.5 million to $16.5 million, or 21 cents to 28 cents a share, below its previous forecast of $24 million to $27 million, or 40 cents to 45 cents a share. The company sees revenue of $4.8 billion to $4.82 billion, which is toward the high end of its previous guidance of $4.7 billion to $4.85 billion. "While our Americas region continues to perform well, challenges in our European operations have impacted our overall earnings expectations for the quarter," said Steven A. Raymund, chairman and chief executive officer at Tech Data. Wall Street was expecting profits of 43 cents a share on sales of $4.8 billion. The stock was down $4.28, or 10.95%, to $34.80 in after-hours trading. Pacer International ( PACR) said it earned $4.6 million, or 12 cents a share, for the second quarter ended July 1, down from $9.5 million, or 25 cents a share, a year earlier. Revenue for the quarter was $454.6 million versus $421.6 million last year. Excluding an item, the company earned $11.3 million, or 30 cents a share. Analysts polled by Thomson First Call expected earnings of 30 cents a share on revenue of $467.4 million. The stock was down 73 cents, or 2.83%, to $25.02 in after-hours trading. UTStarcom ( UTSI - Get Report) reported loss of $74.7 million, or 65 cents a share, for the second quarter ended June 30, compared with net income of $43.9 million, or 33 cents a share, a year ago. Included in the latest results was a $20.7 million charge associated with its restructuring plan. Revenue for the quarter was $723 million. The stock was down 89 cents, or 10.42%, to $7.65 in after-hours trading. BMC Software ( BMC) reported a loss of $41.1 million, or 19 cents a share, for the first quarter ended June 30, compared with net income of $10.7 million, or 5 cents a share, a year ago. Revenue for the quarter was $348.3 million. Excluding certain items, the company earned $43.9 million, or 20 cents a share. According to Thomson First Call, analyst expected earnings 13 cents a share on revenue of $334.9 million. For the second quarter, BMC expects to earn 20 cents to 25 cents on revenue of $355 million to $370 million, compared with Wall Street's forecast of 20 cents a share on sales of $359.9 million. The stock was up a $1.85, or 9.83%, to $20.67 in after-hours trading.
Robert Half International ( RHI - Get Report) announced that its board has authorized the repurchase of up to 10 million common shares. The company also said that its board has approved a quarterly dividend of 7 cents to be payable on Sept. 15 to shareholders of record as of Aug. 25. The stock was unchanged at $33.20.