TD SYNNEX Corp. (SNX) Beats Expectations in Q4 with $3.13 EPS
TD SYNNEX Corp. reported a Q4 revenue of $14.41 billion and an EPS of $3.13.
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TD SYNNEX Corporation (NYSE: SNX) reported its fiscal 2023 fourth-quarter results, demonstrating a robust performance. The company achieved a remarkable revenue of $14.41 billion, a significant increase from the prior quarter. This growth indicates TD SYNNEX’s strong market presence and effective business strategies, highlighting its success in navigating the competitive tech distribution and services industry.
SNX Beats EPS Expectations in Q4
TD SYNNEX’s performance in the fiscal fourth quarter notably surpassed the expectations of an EPS of $2.67 but fell short of the expected revenue of $14.48 billion. The company reported an impressive EPS of $3.13, reflecting its operational excellence and strategic focus on high-margin business areas.
The firm provided a positive outlook for the upcoming quarter, forecasting revenue from $14 billion to $14.7 billion. The company expects its adjusted diluted earnings per share (EPS) to be between $1.65 and $2.15.
Stock Price and Market Response
Following its fiscal 2023 Q4 earnings release, TD SYNNEX’s stock price exhibited significant movement in premarket trading. The stock had closed at $104.94 and had dipped to $100.82 at the time of writing, a decrease of 3.93%.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
