10 Firms Mirror Wall Street Slump on Thursday

4. TD SYNNEX Corporation (NYSE:SNX)

TD Synnex declined for a third day on Thursday, slashing 14.28 percent to finish at $107.54 apiece after reporting a dismal net income performance for the first quarter of fiscal year 2025.

In its latest earnings result, SNX said net income during the quarter dipped by 2.7 percent to $167.5 million from $172.1 million in the same period a year earlier, despite a 4-percent revenue growth in the same period at $14.5 million versus $13.97 million.

Earnings per share also stood at $2.80, missing analyst expectations by 3.64 percent.

Looking ahead, the company expects revenues to settle between $13.9 billion and $14.7 billion and a net income range of $137 million to $179 million.

SNX also announced a quarterly cash dividend of $0.44 per share for stockholders as of record date April 11, 2025, to be paid on April 25, 2025.