TD SYNNEX Trading Volume Plummets 53.4% to 305th Position as Earnings Miss Sends Stock Tumbling

On March 28, 2025, TD SYNNEX (NYSE:SNX) experienced a significant decline in trading volume, with a total turnover of $272 million, marking a 53.4% decrease from the previous day. This placed the company at the 305th position in terms of trading volume for the day. The stock price of TD SYNNEX also saw a notable drop, falling by 2.72% over the past four days, with a cumulative decline of 19.62%.

TD SYNNEX, a leading IT distribution company, reported its first-quarter earnings for the fiscal year 2025, revealing that the company missed Wall Street's revenue expectations. The company's sales increased by 4% year over year, reaching $14.53 billion, but this figure fell short of the estimated $14.79 billion. The earnings per share for the quarter were reported at $2.80, which was below the consensus estimate of $2.87 per share. This earnings miss led to a significant drop in the company's stock price, with shares tumbling nearly 10% in premarket trading following the release of the earnings report.

The company's profit for the first quarter totaled $167.54 million, which also missed Street estimates. The disappointing earnings report and the downward revision of the second-quarter earnings guidance, which was set at $2.45 to $2.95 per share, further contributed to the decline in the stock price. The company's stock price dropped by 9.69% in pre-market trading on March 27, 2025, reflecting investor disappointment with the earnings results and the revised guidance.

TD SYNNEX's stock price decline was also influenced by the company's downbeat profit forecast for the second quarter. The company's shares fell by 9.1% to $114 in premarket trading, following the release of the first-quarter results and the revised earnings guidance. The company's first-quarter revenue of $14.5 billion missed analysts' average estimates, further contributing to the decline in the stock price.