TD SYNNEX Exceeds Q3 Expectations With Global Software Growth

Several major companies reported their third quarter earnings with mixed market reactions and key insights from management and analysts. Costco's shares fell despite meeting expectations, with growth driven by membership upgrades and new store openings, though inflation and tariffs pressured costs. TD SYNNEX surpassed consensus with strong growth in software, cybersecurity, and data center solutions, supported by global momentum and new vendor partnerships. Concentrix faced margin challenges due to excess capacity and tariffs despite revenue growth and AI integration progress, with management expecting normalization over time. KB Home saw sales decline but improved profitability through operational efficiency and disciplined pricing, while cautioning about future revenue outlook amid market uncertainties. AutoZone reported steady sales and market share gains but noted margin pressure from tariff costs and LIFO charges, with management emphasizing pricing discipline and cost management.