SNX SNX reported 2Q24 revenue of $13.9 billion, missing consensus estimates by $200 million, but was within the guided range of $13.3 to $14.9 billion. By region, the Americas saw revenue of $8.6 billion, Europe saw revenue of $4.4 billion, and Asia-Pacific (incl. Japan) saw revenue of $964 million. By segment, Endopint Solutions [ES] saw revenue of $6.7 billion (flat vs. 2Q23), non-GAAP gross billings of $7.8 billion (1% growth vs. 2Q23), and goss profit of $341 million (5.1% gross nargin). In the Advanced ...

TD SYNNEX Corporation (SNX) shares plunged 9.6% on Tuesday after it reported weaker-than-expected second-quarter fiscal 2024 results. The company reported second-quarter non-GAAP earnings of $2.73 per share, which fell short of the Zacks Consensus Estimate of $2.76. Some better-ranked stocks from the broader technology sector are NVIDIA (NVDA) , Dropbox (DBX) and Zscaler (ZS) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zack ...

TD SYNNEX Corporation (NYSE:SNX) Q2 2024 Earnings Call Transcript June 25, 2024 9:00 AM ET Company Participants Liz Morali - Head of IR Rich Hume - CEO Patrick Zammit - COO Marshall Witt - CFO Conference Call Participants Michael Ng - Goldman Sachs Ruplu Bhattacharya - Bank of America Adam Tindle - Raymond James George Wang - Barclays David Vogt - UBS Matt Sheerin - Stifel Keith Housum - Northcoast Vincent Colicchio - Barrington Research Ashish Sabadra - RBC Capital Markets Alek Valero - Loop Capital Operat ...

Core Insights - TD SYNNEX reported revenue of $13.95 billion for the quarter ended May 2024, reflecting a year-over-year decline of 0.8% [5] - The reported revenue fell short of the Zacks Consensus Estimate of $14.12 billion, resulting in a surprise of -1.19% [1] - The company delivered an EPS of $2.73, which is an increase from $2.43 a year ago, but the EPS surprise was -1.09% compared to the consensus estimate of $2.76 [1][5] Revenue Breakdown - Revenue from the Americas was $8.56 billion, slightly below the average estimate of $8.64 billion, representing a year-over-year change of -1.6% [3] - Revenue from Europe was reported at $4.43 billion, also below the average estimate of $4.56 billion, with a year-over-year change of -0.8% [3] - Revenue from the Asia-Pacific and Japan region was $963.56 million, exceeding the average estimate of $899.24 million, showing a year-over-year increase of +6.9% [3] Stock Performance - Over the past month, shares of TD SYNNEX have returned -0.7%, contrasting with the Zacks S&P 500 composite's increase of +2.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]

TD SYNNEX (SNX) came out with quarterly earnings of $2.73 per share, missing the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.43 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the e ...

| --- | --- | --- | --- | --- | --- | --- | |-----------|-------|--------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investor | | | | | | | | | | | | | | June 2024 | | Presentation | | | | | | | | | | | | | | | | | | | | | Safe harbor statement Statements in this presentation regarding TD SYNNEX that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Ac ...

Exhibit 99.1 Consolidated Financial Highlights for the Fiscal 2024 Second Quarter: Regional Fiscal 2024 Second Quarter Highlights ◦ Operating margin was 2.1%, compared to 2.8% in the prior fiscal second quarter. Non-GAAP operating margin was 2.3%, compared to 3.0% in the prior fiscal second quarter. (1) TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per common share. The dividend is payable on July 26, 2024 to stockholders of record as of the close of busin ...

In its upcoming report, TD SYNNEX (SNX) is predicted by Wall Street analysts to post quarterly earnings of $2.76 per share, reflecting an increase of 13.6% compared to the same period last year. Revenues are forecasted to be $14.12 billion, representing a year-over-year increase of 0.4%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...

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TD SYNNEX (SNX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of a changing ...