SYNNEX Corp. (SNX) reported second quarter EPS of $0.57 after the close Tuesday, which topped the consensus estimate of $0.48. The company expects to report third quarter EPS of $0.58 to $0.61, compared to the consensus estimate of $0.51.
SYNNEX Corp. gapped open higher Wednesday and climbed until the middle of the morning. Shares advanced further in the final hour of trade and closed up by $3.23 at $28.22 on the highest volume in 4 months. The stock rose past resistance and set a new high for the year.
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