TD SYNNEX: Fiscal Q3 Earnings Snapshot

CLEARWATER, Fla. (AP) — CLEARWATER, Fla. (AP) — TD SYNNEX Corporation (SNX) on Thursday reported fiscal third-quarter profit of $416.2 million.

The Clearwater, Florida-based company said it had net income of $5.18 per share. Earnings, adjusted for one-time gains and costs, were $5.68 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.64 per share.

The high-tech contractor posted revenue of $21.56 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $18.78 billion.

For the current quarter ending in November, TD SYNNEX expects its per-share earnings to range from $5.65 to $6.15.

The company said it expects revenue in the range of $21.8 billion to $22.6 billion for the fiscal fourth quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNX at https://www.zacks.com/ap/SNX