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Synnex posts 1Q profit

FREMONT, Calif. (AP) _ Synnex Corp. (SNX) on Monday reported fiscal first-quarter earnings of $61.8 million.

On a per-share basis, the Fremont, California-based company said it had profit of $1.54. Earnings, adjusted for one-time gains and costs, came to $1.82 per share.

The high-tech contractor posted revenue of $3.52 billion in the period.

Synnex shares have decreased 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $118.32, a climb of 22 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNX at https://www.zacks.com/ap/SNX

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Keywords: Synnex, Earnings Report