SYNNEX Co. (SNX) Updates Q4 Earnings Guidance
SYNNEX Co. (SNX) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.02-1.06 for the period.
Shares of SYNNEX Co. (SNX) traded down 1.50% during mid-day trading on Tuesday, hitting $34.25. SYNNEX Co. (SNX) has a one year low of $24.09 and a one year high of $44.25. The company has a market cap of $1.256 billion and a P/E ratio of 8.02.
SYNNEX last issued its quarterly earnings data on Tuesday, September 25th. The company reported $0.93 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.01. The company’s quarterly revenue was up .2% on a year-over-year basis.
SNX has been the subject of a number of recent research reports. Analysts at Credit Agricole initiated coverage on shares of SYNNEX in a research note to investors on Tuesday, August 14th. They set a buy rating on the stock. Analysts at JPMorgan Chase upgraded shares of SYNNEX from a neutral rating to an overweight rating in a research note to investors on Wednesday, August 8th.
SYNNEX Corporation (SYNNEX) is a business process services company, servicing resellers, retailers and original equipment manufacturers (OEMs), in multiple regions globally.
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