TD SYNNEX: Fiscal Q1 Earnings Snapshot
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — TD SYNNEX Corporation (SNX) on Thursday reported fiscal first-quarter earnings of $167.5 million.
On a per-share basis, the Fremont, California-based company said it had net income of $1.98. Earnings, adjusted for one-time gains and costs, came to $2.80 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.87 per share.
The high-tech contractor posted revenue of $14.53 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $14.79 billion.
For the current quarter ending in May, TD SYNNEX expects its per-share earnings to range from $2.45 to $2.95.
The company said it expects revenue in the range of $13.9 billion to $14.7 billion for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNX at https://www.zacks.com/ap/SNX
