TD SYNNEX (SNX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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]