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Earnings: Walgreens and TD SYNNEX Fall Short, Korn Ferry In-Line

  • June 27th, 2023
  • 288 views

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) posted third-quarter fiscal 2023 adjusted earnings per share (EPS) of $1.00, falling short of the consensus estimate of $1.07.

For the full fiscal year 2023, the company revised its adjusted EPS guidance to a range of $4.00 to $4.05, reflecting challenging consumer and macroeconomic conditions, lower COVID-19 vaccine and testing volumes, compared to the previous range of $4.45 to $4.65. The consensus estimate for the period stands at $4.46.

In pre-market, $WBA was trading at $28.97, experiencing a decrease of $2.62 (-8.29%).

TD SYNNEX Corporation (NYSE: SNX) reported second-quarter fiscal 2023 EPS of $2.43, slightly lower than the consensus estimate of $2.55. 

For the upcoming third quarter of fiscal 2023, the company expects EPS to be in the range of $2.20 to $2.70, while the consensus estimate for the period is $2.76.

$SNX is trading at $90.63 in pre-market, down $7.07 (7.24%).

Korn Ferry (NYSE: KFY) delivered fourth-quarter fiscal 2023 adjusted EPS of $1.01, in line with the consensus estimate. 

Looking ahead to the first quarter of fiscal year 2024, assuming no major pandemic-related lockdowns or significant changes in worldwide geopolitical conditions, economic conditions, financial markets, or foreign exchange rates, Korn Ferry expects its adjusted EPS to be in the range of $0.84 to $1.00, while the consensus estimate for the period is $1.02.

In pre-market, $KFY is trading at $48.95, reflecting a decline of $1.93 (3.79%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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