10:15 AM EDT, 03/27/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

TD Synnex ( SNX ) shares were down 18% in recent trading Thursday after the company's fiscal Q1 earnings and revenue fell short of analysts' estimates.

The company reported fiscal Q1 non-GAAP earnings of $2.80 per diluted share, down from $2.99 a year earlier.

Analysts polled by FactSet expected $2.90.

Revenue for the fiscal quarter ended Feb. 28 was $14.53 billion, up from $13.98 billion a year earlier.

Analysts surveyed by FactSet expected $14.79 billion.

For fiscal Q2, the global IT firm expects non-GAAP EPS of $2.45 to $2.95 on revenue of $13.9 billion to $14.7 billion.

Analysts polled by FactSet expect non-GAAP EPS of $3.02 on revenue of $14.72 billion.

The company also said it was keeping its quarterly dividend of $0.44 per share, payable April 25 to stockholders of record as of April 11.

Price: 102.83, Change: -22.63, Percent Change: -18.04