TD Synnex misses profit and sales estimates, expenses rise, shares plummet 17%.

From Yahoo Finance: 2025-03-27 11:15:00

TD Synnex missed profit and sales estimates, with gross profit and margin dropping. Q1 adjusted EPS was $2.80 on $14.53B revenue, missing forecasts. Expenses increased, with SG&A up 3% and interest charges rising 16%. Q2 outlook: EPS $2.45-$2.95, revenue $13.9B-$14.7B, below analyst expectations. Shares plummeted 17%.

Read more: TD Synnex Stock Sinks as Expenses Increase