Advertisement
TD SYNNEX Q4 Results Top Estimates; Guides Q1 In Line With Estimates; Boosts Dividend 17%
(RTTNews) - TD SYNNEX (SNX) reported Tuesday that net income for the fourth quarter surged to $221.1 million or $2.31 per share from $119.4 million or $1.24 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter was $3.44 per share, compared to $2.86 per share in the year-ago quarter.
Revenue for the quarter grew 4.1 percent to $16.25 billion from $15.61 billion in the same quarter last year. Revenues were up 11 percent in constant currency.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.91 per share on revenues of $15.82 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the first quarter, the company expects earnings in a range of $1.46 to $1.86 per share and adjusted earnings in a range of $2.60 to $3.00 per share on revenues between $15.2 billion and $16.2 billion.
The Street is looking for earnings of $2.66 per share on revenues of $15.85 billion for the quarter.
TD SYNNEX also announced that its Board of Directors declared a 17 percent higher quarterly cash dividend of $0.35 per common share, payable on January 27, 2023 to stockholders of record as of the close of business on January 20, 2023.
Further, the company's board of directors has approved a share repurchase program of up to $1 billion of its common stock over a period of up to three years, replacing the previous three-year program.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
TD SYNNEX Q1 Adj. EPS Tops Estimates; Guides Q2 In Line With Estimates
TD SYNNEX Q3 Adj. EPS Tops Estimates; Guides Q4 Below Estimates
TD SYNNEX Q2 Results Top Estimates; Reaffirms FY22 Adj. EPS Outlook
Japan Monetary Base Data Due On Monday
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes
European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment
Canadian Market Remains Firmly Down In Negative Territory On Tariff Worries
