SYNNEX Corp. (SNX) Tops Q2 EPS by 6c; Issues Solid Q3 Outlook

SYNNEX Corp. (NYSE: SNX) reported Q2 EPS of $1.37, $0.06 better than the analyst estimate of $1.31. Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.28 billion.

"During our second quarter, we achieved sales and profit results above our expectations." stated Kevin Murai, President and Chief Executive Officer. "Our efficient operating model delivered another strong quarter of positive operating cash flow, double digit adjusted ROIC and, we believe, positions us well for growth in the second half of 2016."

GUIDANCE:

SYNNEX Corp. sees Q3 2016 EPS of $1.52-$1.57, versus the consensus of $1.53. SYNNEX Corp. sees Q3 2016 revenue of $3.4-3.53 billion, versus the consensus of $3.4 billion.

For earnings history and earnings-related data on SYNNEX Corp. (SNX) click here.

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