Synnex Shares Rise On Earnings Beat, Healthy Outlook

By Markets MarketWatch Pulse

Synnex Corp. shares rose in the extended session Thursday after the business process services company topped Wall Street estimates for the quarter and issued a healthy outlook. Synnex shares rose 5.1% to $98.75 after hours. The company reported adjusted fiscal second-quarter earnings of $1.37 a share on revenue of $3.38 billion. Analysts surveyed by FactSet had forecast earnings of $1.31 a share on revenue of $3.28 billion. Synnex estimates adjusted third-quarter earnings of $1.52 to $1.57 and share on revenue of $3.4 billion to $3.53 billion. Analysts expect $1.52 a share on revenue of $3.4 billion.

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