TD SYNNEX beats This autumn estimates, shares edge greater

FREMONT, Calif. – TD SYNNEX Company (NYSE: NYSE:SNX) reported fourth quarter earnings that topped analyst expectations, sending shares up 0.88% in early buying and selling.

The IT distribution and companies firm posted adjusted earnings per share of $3.09, exceeding the consensus estimate of $3.06. Income got here in at $15.84 billion, surpassing analysts’ projections of $15.25 billion.

TD SYNNEX’s This autumn income rose 10% YoY, pushed by progress in each its Superior Options and Endpoint Options portfolios. Non-GAAP gross billings elevated 7.4% to $21.2 billion.

“We delivered robust outcomes this quarter, pushed by our end-to-end portfolio, world attain and differentiated worth proposition that allow us to seize a variety of know-how spend and develop our market presence,” stated Patrick Zammit, CEO of TD SYNNEX.

For the primary quarter of fiscal 2025, the corporate expects income between $14.4 billion and $15.2 billion, in comparison with the $14.76 billion consensus. TD SYNNEX forecasts Q1 adjusted EPS of $2.65 to $3.15, versus analyst estimates of $2.95.

The corporate returned $750 million to shareholders in fiscal 2024 by $612 million in share repurchases and $138 million in dividends. TD SYNNEX additionally introduced a ten% improve in its quarterly dividend to $0.44 per share.

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