TD Synnex Q3 revenue $21,558 million vs. IBES estimate $18,863 million
SNX•TD Synnex reported Q3 revenue of $21.558 billion, adjusted net income of $456 million and adjusted EPS of $5.68, above IBES estimates of $18.863 billion, $358.8 million and $4.63, respectively. The company forecast Q4 revenue of $21.8 billion to $22.6 billion and adjusted EPS of $5.65 to $6.15.
1. Third-quarter results
TD Synnex reported Q3 net income of $416 million and operating income of $643 million. Adjusted operating income was $736 million, compared with the IBES estimate of $580.5 million; EPS was $5.18.
2. Fourth-quarter outlook
The company forecast Q4 net income of $368 million to $408 million and adjusted net income of $454 million to $494 million, versus an IBES estimate of $359.8 million. It projected EPS of $4.58 to $5.08 and adjusted EPS of $5.65 to $6.15, compared with an IBES estimate of $4.77.
