TD SYNNEX (SNX) Plunges 10% on Q2 Earnings and Revenue Miss
SNXTD SYNNEX (SNX) ZACKS·2024-06-26 23:00

TD SYNNEX Corporation (SNX) shares plunged 9.6% on Tuesday after it reported weaker-than-expected second-quarter fiscal 2024 results. The company reported second-quarter non-GAAP earnings of 2.73pershare,whichfellshortoftheZacksConsensusEstimateof2.73 per share, which fell short of the Zacks Consensus Estimate of 2.76. However, the bottom line increased 12.4% from the year-ago quarter’s earnings of $2.43 per share. The improvement reflects the benefits of efficient cost management, which more than offset the negative impact of a decline in revenues. SNX’s quar ...