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Shares of Synnex (NYSE:SNX) moved higher by 0.1% in pre-market trading after the company reported Q1 results.
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Quarterly Results
Earnings per share were down 42.02% over the past year to $1.89, which beat the estimate of $1.69.
Revenue of $4,939,000,000 declined by 6.17% from the same period last year, which beat the estimate of $4,720,000,000.
Guidance
Synnex said it sees Q2 EPS of $1.80-$2.00.
Details Of The Call
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Date: Mar 22, 2021
Time: 05:00 PM
Recent Stock Performance
52-week high: $164.74
52-week low: $59.03
Price action over last quarter: Up 16.97%
Company Overview
Synnex Corp is a provider of wholesale IT integration, distribution, and outsourcing services. The company operates in a single segment, which is technology solutions. Technology solutions distribute peripheral, IT systems, including data center servers and storage solutions; system components; software, networking, communication, & security equipment; consumer electronics; and complementary products. Synnex distributes its products to more than 25,000 resellers, system integrators, and retailers. Its services include Systems Design and Integration Solutions, Logistics, Cloud, Online, Financing, and Marketing. The majority of the firm's revenue is derived from the United States of America.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.