SYNNEX Corp. (SNX) Reports In-Line Q1 EPS; Issues Light Q2 Outlook
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March 29, 2016 9:17 AM EDT
Needham & Company reiterates Hold rating on SYNNEX Corp. (NYSE: SNX) following the company's 1Q earnings report. SNX reported F1Q results last night, with revenue of $3.13B slightly below guidance of $3.23-3.33B and the Streets $3.26B. non-GAAP EPS of $1.37 was in-line with the $1.34-1.39 range and... More
March 29, 2016 9:01 AM EDT
Raymond James analyst, Brian Alexander, reiterated his Underperform rating as SYNNEX (NYSE: SNX) financial results came in below expectations and financial targets were pushed out.
SNX following below consensus F1Q16 (Feb.) results, sharply lower F2Q (May) guidance, and a pushout of intermediate financial targets. F1Q EPS was in line with consensus estimates of $1.37, but results included a ~$0.06/share... More
