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SYNNEX Corporation Bid Lower in the After-Hours

Shares of SYNNEX Corporation (NYSE: SNX) are falling in the after-hours following the release of its Q2 earnings results. Currently, shares are off by 3.1%, bid $30.75, at $30.95; they closed the regular session higher by 2.08%, at $31.46.

SYNNEX Corporation reported Q2 EPS of $0.85 on revenues of $2.5 billion; the Street was looking for $0.79 per share on revenues of $2.51 billion. Sales increased 22.8% year over year.

"The SYNNEX team delivered another quarter of solid results with strong organic revenue growth in all regions led by our North American commercial distribution business," stated Kevin Murai, President and Chief Executive Officer.

"In the second quarter, we also tracked well towards completing the integration of our recent acquisitions and in the third quarter, our main focus turns to revenue growth for these newly acquired businesses."

SYNNEX Corporation is a business process services company, servicing resellers, retailers and original equipment manufacturers, in multiple regions globally.

Posted-In: Earnings After-Hours Center

 

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