SYNNEX Corp. (SNX) reported first quarter EPS of $0.88 after the bell Wednesday, down from $1.02 in the prior year period. The consensus estimate was for EPS of $0.88. Second quarter EPS is expected to be between $0.78 and $0.82, compared to the consensus estimate of $0.92.
SYNNEX gapped open sharply lower Thursday and is now down 3.86 at $37.02. The stock has dropped to month and a half low and has fallen below its 50-day moving average.
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