TD Synnex rises after Q2 earnings beat, upbeat forecasts
BUZZ-TD Synnex rises after Q2 earnings beat, upbeat forecasts ** Shares of U.S.-based IT distributor TD Synnex SNX.N rise 3% to $291.16 after strong second-quarter results
** SNX reports Q2 adjusted EPS of $4.85, above estimates of $4.14 - LSEG-compiled data
** Forecasts Q3 adjusted EPS in range of $4.25 to $4.75, surpassing estimates of $4.03 per share
** SNX beat revenue, profit estimates over past four quarters
** On average, brokerages rate the stock "buy" or higher, their median PT is $300 - LSEG-compiled data
** Up to last close, stock up ~90% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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