How To Earn $500 A Month From TD Synnex Stock After Q3 Results
Portfolio Pulse from Priya Nigam
TD Synnex Corp (NYSE:SNX) reported a 9.1% Y/Y decline in Q3 revenue to $13.96 billion, missing the consensus of $14.11 billion. However, its adjusted EPS of $2.78 (+1.5% Y/Y) surpassed the consensus of $2.48. The company expects Q4 revenue of $14.0 billion-$15.0 billion, adjusted EPS of $2.40-$2.90, and adjusted gross billings in the range of $18.5 billion - $19.7 billion. TD Synnex has a dividend yield of 1.45%, which is a quarterly dividend amount of $0.35 a share ($1.40 a year).
September 27, 2023 | 12:42 pm
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TD Synnex reported a decline in Q3 revenue but surpassed EPS consensus. The company also has a dividend yield of 1.45%.
The company's revenue decline and lower than expected Q4 revenue forecast could negatively impact the stock price in the short term. However, the surpassing of EPS consensus and the dividend yield might attract some investors.
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