FREMONT, Calif. (AP) 鈥� FREMONT, Calif. (AP) 鈥� TD SYNNEX Corporation (SNX) on Tuesday reported fiscal first-quarter net income of $326.9 million.
On a per-share basis, the Fremont, California-based company said it had net income of $4.04. Earnings, adjusted for one-time gains and costs, were $4.73 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.26 per share.
The high-tech contractor posted revenue of $17.16 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $15.54 billion.
For the current quarter ending in May, TD SYNNEX expects its per-share earnings to range from $3.75 to $4.25.
The company said it expects revenue in the range of $16.1 billion to $16.9 billion for the fiscal second quarter.
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