TD SYNNEX Q1 Adj. EPS Tops Estimates; Guides Q2 In Line With Estimates

RTTNews | 413日前
TD SYNNEX Q1 Adj. EPS Tops Estimates; Guides Q2 In Line With Estimates

(RTTNews) - TD SYNNEX Corp. (SNX) reported Tuesday that net income for the first quarter grew to $172.1 million or $1.93 per share from $167.0 million or $1.75 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $2.99 per share, compared to $2.93 per share in the year-ago quarter.

Revenue for the quarter decreased 7.6 percent to $13.98 billion from $15.13 billion in the same quarter last year. Revenues were down 8.3 percent in constant currency.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.84 per share on revenues of $14.36 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects earnings in a range of $1.59 to $2.09 per share and adjusted earnings in a range of $2.50 to $3.00 per share on revenues between $13.3 billion and $14.9 billion.

The Street is looking for earnings of $2.78 per share on revenues of $14.25 billion for the quarter.

TD SYNNEX also announced that its Board of Directors declared a quarterly cash dividend of $0.40 per common share, payable on April 26, 2024 to stockholders of record as of the close of business on April 12, 2024.

Further, TD SYNNEX Board of Directors has approved a share repurchase program of up to $2 billion of its common stock, supplementing the existing program of which approximately $197 million remains.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Wednesday after opening in the green, snapping a four-session winning streak, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,900 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.
RTTNews | 21分前
Higher Open Anticipated For Indonesia Shares

Higher Open Anticipated For Indonesia Shares

Ahead of long holiday weekend for Wesak Day, the Indonesia stock market had bounced higher again, one session after ending the eight-day winning streak in which it had rallied more than 210 points or 3.2 percent. The Jakarta Composite Index now rests just above the 6,830-point plateau and it's looking at a solid lead for Wednesday's trade.
RTTNews | 22分前
Mild Rebound Tipped For Hong Kong Shares

Mild Rebound Tipped For Hong Kong Shares

The Hong Kong stock market on Tuesday ended the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just beneath the 23,110-point plateau although it may tick back to the upside again on Wednesday.
RTTNews | 37分前
Australian Market Slightly Lower

Australian Market Slightly Lower

Australian shares are trading slightly lower on Wednesday, snapping a five-session winning streak, with the benchmark S&P/ASX 200 staying well below the 8,300 level, following the mixed cues from Wall Street overnight, with a mixed performance across most sectors. Traders are also booking some profits following the recent upside in the markets.
RTTNews | 44分前
China Bourse Tipped To Open In The Green

China Bourse Tipped To Open In The Green

The China stock market has moved higher in consecutive trading days, improving almost 35 points or 1 percent along the way. The Shanghai Composite Index now rests just beneath the 3,375-point plateau and it's looking at a higher open again on Wednesday.
RTTNews | 52分前