Synnex Corporation (NYSE:SNX) provider of business processing services, is reporting third quarter earnings results on Tuesday 29th September 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.26 per share.
For the full year, analysts predict revenues of $ 22540.10 million, while looking forward to income of $ 10.71 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 5500.00 million ~ $ 5900.00 million
Click Here For More Historical Outlooks Of Synnex Corporation
Previous Quarter Performance
Synnex Corporation unfold income for the second quarter of $ 1.83 per share, from the revenue of $ 5,533.00 million. The quarterly earnings reduced 36.01 percent while revenues declined 3.32 percent compared with the same quarter last year.
The consensus estimates are loss of $ 2.12 per share from $ 5133.66 million in revenue. The bottom line results beat street analysts by $ 3.95 or 186.32 percent, at the same time, top line results outshined analysts by $ 399.34 million or 7.78 percent.
Stock Performance
Shares of Synnex Corporation traded up $ 3.50 or 2.73 percent on Monday, reaching $ 131.50 with volume of 441.70 thousand shares. Synnex Corporation has traded high as $ 132.14 and has cracked $ 129.33 on the downward trend
According to the previous trading day, closing price of $ 131.50, representing a 145.87 % increase from the 52 week low of $ 52.06 and a 16.38 % decrease over the 52 week high of $ 153.07.
The company has a market capital of $ 6.77 billion and is part of the Industrials sector and Business Services industry.
Conference Call
Synnex Corporation will be hosting a conference call at 5:00 PM eastern time on 29th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.synnexcorp.com
SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products.
