TD SYNNEX Corporation Q1 Profit Misses Estimates

(RTTNews) - TD SYNNEX Corporation (SNX) announced a profit for first quarter that missed the Street estimates.

The company's earnings totaled $167.54 million, or $1.98 per share. This compares with $172.13 million, or $1.93 per share, last year.

Excluding items, TD SYNNEX Corporation reported adjusted earnings of $237.37 million or $2.80 per share for the period.

Analysts on average had expected the company to earn $2.91 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.9% to $14.53 billion from $13.98 billion last year.

TD SYNNEX Corporation earnings at a glance (GAAP) :

-Earnings: $167.54 Mln. vs. $172.13 Mln. last year. -EPS: $1.98 vs. $1.93 last year. -Revenue: $14.53 Bln vs. $13.98 Bln last year.

-Guidance: Next quarter EPS guidance: $2.45 - $2.95 Next quarter revenue guidance: $13.9 - $14.7 Bln