TD SYNNEX's Q3: Earnings Beat, Revenue Surge, And IT Market Recovery On The Horizon
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Quarterly Performance: TD SYNNEX Corp reported a strong third-quarter performance with an adjusted EPS of $2.86 and revenue of $14.69 billion, both exceeding analyst expectations. The company also returned $91 million to shareholders through dividends and share repurchases.
Future Outlook: For the fourth quarter, TD SYNNEX anticipates adjusted EPS between $2.80 and $3.30 and projects revenue of $14.9 billion to $15.7 billion, indicating continued optimism in the IT market recovery.
Analyst Views on RWK
Wall Street analysts forecast RWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RWK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
