TD Synnex Q1 2024 Adj EPS $2.99 Beats $2.84 Estimate, Sales $13.975B Miss $14.357B Estimate
Portfolio Pulse from Benzinga Newsdesk
TD Synnex reported Q1 2024 adjusted EPS of $2.99, surpassing the $2.84 estimate, but its sales of $13.975B fell short of the $14.357B estimate, marking a 7.60% decrease from the previous year.
March 26, 2024 | 12:06 pm
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NEUTRAL IMPACT
TD Synnex's Q1 2024 earnings surpassed EPS estimates but missed on sales, indicating mixed financial performance.
The beat on EPS estimates suggests operational efficiency and profitability, which could positively influence investor sentiment. However, the miss on sales forecasts and the year-over-year decrease in sales could raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the EPS beat. The mixed financial performance makes the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100