Synnex: Fiscal Q4 Earnings Snapshot
FREMONT, Calif. (AP) _ Synnex Corp. (SNX) on Tuesday reported fiscal fourth-quarter profit of $221.2 million.
On a per-share basis, the Fremont, California-based company said it had net income of $2.31. Earnings, adjusted for one-time gains and costs, came to $3.44 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The high-tech contractor posted revenue of $16.25 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $15.78 billion.
For the year, the company reported profit of $651.3 million, or $6.77 per share. Revenue was reported as $62.34 billion.
For the current quarter ending in February, Synnex expects its per-share earnings to range from $2.60 to $3.
The company said it expects revenue in the range of $15.2 billion to $16.2 billion for the fiscal first quarter.