TD SYNNEX Q2 Results Top Estimates; Reaffirms FY22 Adj. EPS Outlook

RTTNews | 1061 дней спустя
TD SYNNEX Q2 Results Top Estimates; Reaffirms FY22 Adj. EPS Outlook

(RTTNews) - TD SYNNEX (SNX) reported Tuesday that net income for the second quarter was $148.92 million or $1.55 per share, compared to $93.10 million or $1.78 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $2.72 per share, compared to $2.09 per share in the year-ago quarter.

Revenue for the quarter soared 160.7 percent to $15.27 billion from $5.86 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.65 per share on revenues of $15.25 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects earnings in a range of $1.24 to $1.64 per share and adjusted earnings in a range of $2.50 to $2.90 per share on revenues between $14.5 billion and $15.5 billion.

The Street is looking for earnings of $2.66 per share on revenues of $15.40 billion for the quarter.

For fiscal 2022, the company continues to project adjusted earnings in the range of $11.15 to $11.65 per share. Earnings are now projected in the range of $5.45 to $5.95 per share, compared to the prior guidance range of $5.18 to $6.32 per share.

TD SYNNEX also announced that its Board of Directors declared a quarterly cash dividend of $0.30 per common share, payable on July 29, 2022 to stockholders of record as of the close of business on July 15, 2022.

Тэгов: SNX
read more
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | 17ч 40мин назад
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | 18ч 31мин назад
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | 18ч 48мин назад
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | 19ч 56мин назад
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | 21ч 30мин назад