11:55 am Synnex Shares Slide Lower Following Q1 Results, Q2 Guidance; Mgmt Notes Quarterly Goal Shortfall
Synnex (SNX 73.33, -3.92) is trading 5.1% lower today following the company's less than stellar first quarter results and second quarter guidance. The company reported earnings per share (EPS) of $1.46 per share on revenues which rose 5.8% on a year-over-year basis to $3.2 billion, yet still fell short of what was expected.
If you are not familiar with the name, SNX is an information technology solutions provider, and a Fortune 500 company. It provides IT systems and …More