TCS - Crude Oil Gains Over 2%; TD SYNNEX Posts Downbeat Sales | Benzinga
U.S. stocks traded mostly lower midway through trading, with the Dow Jones falling around 180 points on Tuesday.
The Dow traded down 0.49% to 37,499.41 while the NASDAQ rose 0.07% to 14,853.45. The S&P 500 also fell, dropping, 0.16% to 4,755.70.
Check This Out: How To Earn $500 A Month From Bank of America Stock Ahead Of Q4 Earnings Report
Leading and Lagging Sectors
Information technology shares rose by 0.3% on Tuesday.
In trading on Tuesday, energy shares fell by 1.3%.
Top Headline
TD SYNNEX Corporation (NYSE: SNX) posted downbeat sales for its fourth quarter on Tuesday.
TD SYNNEX reported a fourth-quarter revenue decline of 11.3% Y/Y to $14.407 billion, missing the consensus of $14.476 billion. Adjusted EPS for the quarter of $3.13 surpassed the consensus of $2.68.
TD SYNNEX sees first-quarter 2024 adjusted EPS of $2.60-$3.10 versus the $2.91 estimate. The company projects quarterly revenue of $14 billion-$14.7 billion versus the $14.81 billion estimate.
Equities Trading UP
Cutera, Inc. (NASDAQ: CUTR) shares shot up 39% to $4.56 after the company reported preliminary FY23 revenue guidance above prior estimates.
Shares of Juniper Networks, Inc. (NYSE: JNPR) got ...