Synnex climbs 10% on Q3 that beat analysts' estimates
Shares of Synnex Corp. (NYSE: SNX) got a 10% boost after the company exceeded analystsʼ estimates for fiscal third quarter earnings and revenue.
For the quarter ended Aug. 31, Synnex reported Thursday afternoon earnings of $22.1 million, or $0.66 per share, on revenue of $2.05 billion.
Analysts on average were expecting the company to report earnings of 58 cents a share, excluding special items, on revenue of $1.96 billion, according to Reuters Estimates.
Fremont, Calif.-based Synnex is a business process services company. By mid-day, the stock is at $22.80, up $2.16 from Thursdayʼs close. The stock has ranged between $17.63 and $27.28 in the past 52 weeks.
For detailed price information and news stories on Synnex, click SNX.
