:max_bytes(150000):strip_icc()/GettyImages-2018748488-f558f6108d734293bec8c25289d53520.jpg?w=780&resize=780,470&ssl=1 "TD Synnex Stock Sinks as Expenses Increase")
Key Takeaways
- TD Synnex missed quarterly profit and sales estimates as certain expenses increased.
- The IT products provider’s gross profit and gross margin fell.
- TD Synnex’s current-quarter earnings and revenue outlooks were below forecasts.
TD Synnex (SNX) shares sank 17% Thursday when the distributor of IT products posted worse-than-expected results and guidance as some of its expenses grew.
The company reported fiscal 2025 first-quarter adjusted earnings per share (EPS) of $2.80 on revenue that rose 4% year-over-year to $14.53 billion. Both missed Visible Alpha forecasts. Gross profit slipped almost 1% to $998.0 million, and gross margin dropped 33 basis points (bps) to 6.87%.
Selling, general, and administrative expenses (SG&A) were up 3% to $692.5 million, and interest expense and finance charges increased 16% to $87.9 million.
The company sees current-quarter adjusted EPS of $2.45 to $2.95, and revenue of $13.9 billion to $14.7 billion. Analysts surveyed by Visible Alpha were looking for $3.02 and $14.7 billion, respectively.
Shares of TD Synnex fell to their lowest level in more than a year.
TradingView
Source link
:max_bytes(150000):strip_icc()/GettyImages-1365686171-e40c9bf5d6fb40c5afb00d2ded34ae88.jpg?w=390&resize=390,220&ssl=1 "The Top 5 Performing Stocks During Biden’s Presidency")
:max_bytes(150000):strip_icc()/GettyImages-1420865325-763de6d7a23b4ab8a31d5cc2a89b5cc9.jpg?w=390&resize=390,220&ssl=1 "As a Gauge of Stock Market Health, Which Indicator Should You Be Looking At? Insider Buying or Insider Selling?")
:max_bytes(150000):strip_icc()/Martin_final-b3e4e3b3945b4317bd30f4d45a2db84d.png?w=390&resize=390,220&ssl=1 "How Martin Shkreli’s Price Gouging Scandal Led to Stricter Laws for Drug Pricing")