TD Synnex: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) reported Q4 earnings with an EPS of $3.13, surpassing estimates by 16.79% but with a revenue decrease of $1.84 billion YoY. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.
January 09, 2024 | 1:10 pm
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TD Synnex reported higher-than-expected Q4 earnings with an EPS beat of 16.79%, but faced a significant revenue decline from the previous year.
TD Synnex's earnings beat is likely to be viewed positively by investors, as historical data shows that past EPS beats were followed by share price increases. However, the revenue decline may temper some of the optimism, leading to a mixed but overall positive short-term impact.
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