TD Synnex (SNX) stock surged 5.02% in pre-market trading on Tuesday following the release of its impressive fiscal 2025 second-quarter results. The technology solutions provider reported better-than-expected revenue and provided an optimistic outlook for the third quarter, boosting investor confidence.
According to the company's financial report, TD Synnex achieved a second-quarter revenue of $14,946.3 million, significantly surpassing the IBES estimate of $14,313 million. The company's earnings per share (EPS) for the quarter stood at $2.21, with a net income of $184.9 million. Additionally, TD Synnex reported a robust operating income of $328.1 million for the period.
Further fueling the stock's pre-market rally, TD Synnex provided a positive outlook for its fiscal 2025 third quarter. The company projects its Q3 EPS to range between $1.93 and $2.43, with an adjusted net income forecast between $227 million and $268 million. This forward-looking guidance suggests continued strong performance, likely contributing to the investor optimism reflected in the stock's pre-market surge.
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