Synnex Corp. (SNX) reported first quarter net income of $1.02 per share after the bell Tuesday, compared to $0.80 per share in the previous year. The consensus estimate was for EPS of $0.92. Second quarter EPS is expected to be between $0.87 and $0.91, compared to the consensus estimate of $0.95.
Synnex has gapped open sharply lower Wednesday and is now down 5.40 at $38.24 on above average volume. The stock has dropped to a month and a half low and has fallen below its 50-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.