TD SYNNEX Surges to 134th in Daily Rankings with $584 Million Turnover

On March 27, 2025, TD SYNNEX (SNX) saw a significant surge in trading volume, with a turnover of $584 million, marking a 364.73% increase from the previous day. This substantial rise in trading activity placed TD SYNNEX at the 134th position in the daily stock market rankings.

TD SYNNEX reported its first-quarter earnings and revenue, which fell short of analysts' expectations. The company's earnings and revenue surprises were -2.44% and 1.78%, respectively, for the quarter ending February 2025. This underperformance was primarily due to a 4% year-on-year increase in sales to $14.53 billion, which missed Wall Street's revenue expectations.

The company's profit for the first quarter also missed Street estimates, totaling $167.54 million. The adjusted earnings per share (EPS) for the quarter were $2.80, falling short of the $2.91 expected by analysts. Revenue came in at $14.53 billion, below the $14.79 billion consensus, indicating a slowdown in growth momentum.

TD SYNNEX's outlook for the current quarter further weighed on investor sentiment. The company projected Q2 adjusted EPS between $2.45 and $2.95, well below the $3.03 expected by analysts, and revenue in the range of $13.9 billion to $14.7 billion, compared to forecasts of $14.72 billion. Management highlighted the company's broad IT portfolio, global scale, and targeted go-to-market strategy as drivers of long-term competitiveness. However, the immediate focus for investors remained on the earnings shortfall and cautious guidance, signaling a more tepid environment for IT spending in the months ahead.