TD SYNNEX Corporation Q2 Profit Increases, But Misses Estimates

(RTTNews) - TD SYNNEX Corporation (SNX) revealed earnings for its second quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $143.6 million, or $1.66 per share. This compares with $133.1 million, or $1.41 per share, in last year's second quarter.

Excluding items, TD SYNNEX Corporation reported adjusted earnings of $236.9 million or $2.73 per share for the period.

Analysts on average had expected the company to earn $2.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.8% to $13.947 billion from $14.062 billion last year.

TD SYNNEX Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $143.6 Mln. vs. $133.1 Mln. last year. -EPS (Q2): $1.66 vs. $1.41 last year. -Revenue (Q2): $13.947 Bln vs. $14.062 Bln last year.

-Guidance: Next quarter EPS guidance: $2.55 to $3.05 Next quarter revenue guidance: $13.3 to $14.9 Bln