TD Synnex Q3 Adj EPS $2.78 Beats $2.48 Estimate, Sales $13.96B Miss $14.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
TD Synnex (NYSE:SNX) reported Q3 adjusted earnings of $2.78 per share, beating the analyst consensus estimate of $2.48 by 12.1%. However, the company's quarterly sales of $13.96 billion missed the analyst consensus estimate of $14.11 billion by 1.06%. This represents a 9.09% decrease in sales compared to the same period last year.
September 26, 2023 | 12:06 pm
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NEUTRAL IMPACT
TD Synnex's Q3 earnings beat estimates but sales missed and decreased YoY. This mixed result could lead to uncertainty in the market.
TD Synnex's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimate and YoY decrease could be a concern, potentially leading to mixed market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100