TD Synnex falls on downbeat Q2 profit forecast, Q1 results miss

TD Synnex

27/03/2025 12:35

** IT services firm TD Synnex's SNX.N shares fall 9.1% to $114 premarket

   ** Co forecast Q2 profit in the range of $205 million to $247 million; analysts on average expect Q2 profit of $253.3 million, as per data compiled by LSEG

** SNX posted Q1 revenue of $14.5 billion, missing analysts' average estimate of $14.8 billion

** Co reports Q1 adj profit of  $2.80/share vs analysts' estimate of $2.91/share

**  Up to last close, SNX stock up 11.7% in the past 12 months

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com))