World & BusinessTD Synnex shares fall despite earnings beat and strong guidance
Barron's points to cash flow as a reason for the IT company's stock decline, even as quarterly earnings and guidance topped expectations.
TLDR
TD Synnex beat quarterly earnings expectations and issued better-than-expected guidance, Barron's reports. But its shares fell, with the publication identifying cash flow as the culprit.
TD Synnex shares fall despite earnings beat and strong guidance
Barron's points to cash flow as a reason for the IT company's stock decline, even as quarterly earnings and guidance topped expectations.
TLDR
TD Synnex beat quarterly earnings expectations and issued better-than-expected guidance, Barron's reports. But its shares fell, with the publication identifying cash flow as the culprit.