TD SYNNEX Reports Q4 2023 EPS $3.13 Vs $3.44 YoY, Revenue $14.4B Misses $14.476B Estimate
Portfolio Pulse from Benzinga Newsdesk
TD SYNNEX reported Q4 2023 earnings per share (EPS) of $3.13, a decrease from $3.44 year-over-year (YoY). The company's revenue for the quarter was $14.4 billion, which fell short of the estimated $14.476 billion.
January 09, 2024 | 1:09 pm
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TD SYNNEX's Q4 2023 earnings report showed a decline in EPS from $3.44 to $3.13 YoY and a slight revenue miss against estimates.
The reported decrease in EPS and the missed revenue expectations are likely to be viewed negatively by investors, potentially leading to a short-term decline in SNX's stock price. The earnings miss, especially when it comes to revenue, can signal slower growth or potential challenges in the business, which may affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100