TD SYNNEX Reports Strong Q1 Earnings, Beats Expectations

Despite missing revenue forecasts, TD SYNNEX's adjusted earnings per share surpassed analyst predictions, signaling a robust financial performance.

TD SYNNEX's adjusted earnings per share for Q1 stood at $2.99, outperforming the expected $2.84.
The company reported Q1 revenue of $13.975 billion, slightly below the anticipated $14.357 billion.
On a constant currency basis, Q1 revenue decreased by 8.3% compared to the same quarter last year.
TD SYNNEX announced a $2 billion share repurchase program, alongside a quarterly cash dividend of $0.40 per share.
The company forecasts Q2 revenues between $13.3 billion and $14.9 billion, with adjusted earnings per share ranging from $2.50 to $3.00.