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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- IT ecosystem distributor and solutions aggregator TD Synnex (NYSE:SNX) reported a third-quarter FY21 revenue decline of 1.9% year-on-year to $5.21 billion, missing the consensus of $5.23 billion.
- Margin: The non-GAAP operating margin expanded 43 bps to 3.23%.
- Non-GAAP EPS of $2.14 beat the consensus of $2.07.
- Results were consistent with expectations as ongoing industry-wide supply chain shortages led to a slight Y/Y revenue decline for legacy SYNNEX in Q3, the company said.
- TD Synnex used $55.5 million in operating cash flow during the quarter and held $4.1 billion in cash and equivalents.
- Outlook: TD Synnex sees Q4 revenue of $15 billion - $16 billion versus the consensus of $15.53 billion.
- TD Synnex sees non-GAAP EPS of $2.50 - $2.80, below the consensus of $2.85.
- Dividend: The board declared a quarterly cash dividend of $0.20 per common share payable on October 29 to stockholders of record October 15.
- Price Action: SNX shares traded lower by 8.89% at $103.18 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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