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 Corp. gapped open sharply lower Wednesday and fell during the first half hour of trade. The stock was range-bound for the remainder of the session and closed down by 5.46 at $38.18 on the highest volume of the year. Synnex fell to a month and a half low and dropped below its 50-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.