TD SYNNEX Plunges 9.69% on Missed Earnings

TD SYNNEX's stock price dropped 9.69% in pre-market trading on March 27, 2025.

TD SYNNEX, a leading IT distribution company, reported a 4% year-over-year increase in sales to $14.53 billion for the first quarter of 2025, falling short of Wall Street's revenue expectations. The company's earnings per share (EPS) of $2.80 also missed the Zacks Consensus Estimate of $2.87.

In its fiscal first-quarter earnings report, TD SYNNEX announced earnings of $167.5 million, with a per-share basis of $1.98, which was below analysts' expectations of $2.91. The company's revenue of $14.5 billion also fell short of the anticipated $14.79 billion.

Looking ahead, TD SYNNEX has guided its second-quarter earnings below estimates, with analysts expecting earnings of $3.03 per share on revenues of $14.72 billion. The company has also announced a boost in its dividend, which may provide some support to its stock price.