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 fell in early trade, before settling into a range. The stock finished with a loss of 3.88 at $37.00 on above average volume. SYNNEX dropped to a month and a half low and fell below its 50-day moving average.
For comments and feedback: editorial@rttnews.com