TD SYNNEX Expects Q4 Revenue Of $14.0B-$15.0B (Est. $15.21B), Adj EPS Of $2.40-$2.90 (Est. $2.95)
Portfolio Pulse from Benzinga Newsdesk
TD SYNNEX has projected its Q4 revenue to be between $14.0B and $15.0B, which is lower than the estimated $15.21B. The company also expects its adjusted EPS to be between $2.40 and $2.90, slightly below the estimated $2.95.
September 26, 2023 | 12:10 pm
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NEGATIVE IMPACT
TD SYNNEX's lower than expected Q4 revenue and adjusted EPS projections may negatively impact its stock price in the short term.
TD SYNNEX's projected Q4 revenue and adjusted EPS are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100