TD SYNNEX Corp. (SNX) reported higher earnings and revenues in Q4, exceeding market estimates. The company also announced a quarterly cash dividend of $0.48 per share. The stock rose by 1.4% in pre-market trading, reaching $152.97. For Q1, TD SYNNEX projects net income of $166 million to $206 million and revenues of $15.1 billion to $15.9 billion. In Q4, net income rose by 27.5% to $248 million and revenue increased by 9.7% to $17.38 billion. Analysts expected earnings of $3.21 per share, while the company reported $3.04 per share in Q4. Gross billings were $24.33 billion in Q4.

Read more at Nasdaq: TD SYNNEX Q4 Results Climb, Beat Market; Issues Q1 Outlook