TD SYNNEX exceeds expectations with strong quarterly results

TD SYNNEX, the renowned technology service provider from Fremont, California, achieved a net profit of $226.8 million in the third quarter of its fiscal year. This equated to a profit of $2.74 per share. After adjusting for one-time effects, the earnings even rose to $3.58 per share. These impressive results exceeded analysts' expectations. According to a survey by Zacks Investment Research, in which seven analysts participated, the average earnings forecast was $3.02 per share. TD SYNNEX not only impressed in terms of profit but also in terms of revenue. The company achieved revenues of $15.65 billion during this period, surpassing the $15.14 billion forecasted by Zacks. For the current quarter ending in November, TD SYNNEX anticipates earnings per share between $3.45 and $3.95. Revenue in the fourth quarter is expected to range between $16.5 billion and $17.3 billion, according to forecasts.