TD SYNNEX: Fiscal Q2 Earnings Snapshot
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — TD SYNNEX Corporation (SNX) on Tuesday reported fiscal second-quarter profit of $143.6 million.
On a per-share basis, the Fremont, California-based company said it had net income of $1.66. Earnings, adjusted for one-time gains and costs, were $2.73 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.
The high-tech contractor posted revenue of $13.95 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $14.12 billion.
For the current quarter ending in August, TD SYNNEX expects its per-share earnings to range from $2.55 to $3.05.
The company said it expects revenue in the range of $13.3 billion to $14.9 billion for the fiscal third quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SNX">Zacks stock report on SNX at https://www.zacks.com/ap/SNX
