TD SYNNEX Sees Q1 Adj. EPS $2.60-$3.10 Vs $2.91 Est.; Revenue $14B-$14.7B Vs $14.81B Est.
Portfolio Pulse from Benzinga Newsdesk
TD SYNNEX provided Q1 guidance with an adjusted EPS range of $2.60-$3.10, compared to the estimated $2.91. The revenue forecast is between $14B-$14.7B, which is slightly below the estimated $14.81B.
January 09, 2024 | 1:12 pm
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TD SYNNEX's Q1 adjusted EPS guidance is below the consensus estimate, and its revenue forecast is also slightly lower than expected.
The company's guidance for both adjusted EPS and revenue falls short of analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100