TD Synnex Q2 2024 Adj EPS $2.73 Misses $2.82 Estimate, Sales $13.900B Miss $14.077B Estimate
Portfolio Pulse from Benzinga Newsdesk
TD Synnex (NYSE:SNX) reported Q2 2024 adjusted EPS of $2.73, missing the analyst estimate of $2.82. Sales were $13.900 billion, also missing the estimate of $14.077 billion. This represents a 1.15% decrease from the same period last year.
June 25, 2024 | 12:05 pm
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TD Synnex reported Q2 2024 earnings that missed both EPS and sales estimates. The EPS was $2.73, missing the $2.82 estimate, and sales were $13.900 billion, missing the $14.077 billion estimate. Sales also decreased by 1.15% year-over-year.
The earnings miss on both EPS and sales, along with a year-over-year sales decline, is likely to negatively impact the stock price in the short term. Investors typically react unfavorably to such news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100