SYNNEX Corp. (NYSE:SNX) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
SYNNEX Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 10% to $0.81 in the quarter versus EPS of $0.90 in the year-earlier quarter.
Revenue: Rose 4.37% to $2.59 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: SYNNEX Corp. reported adjusted EPS income of $0.81 per share. By that measure, the company missed the mean analyst estimate of $0.81. It beat the average revenue estimate of $2.5 billion.
Quoting Management: “I am pleased to report healthy quarterly results highlighted by stronger than expected sales in our distribution segment, and continued strong growth in our Concentrix business,” stated Kevin Murai, President and Chief Executive Officer.
Key Stats (on next page)…