SYNNEX Q3 Profit Rises, EPS Down - Quick Facts

(RTTNews) - SYNNEX Corp. (SNX) Wednesday reported third-quarter profit of $46.6 million, up 32.6 percent from $35.1 million in the same period last year. On a per-share basis, earnings decreased to $0.19 from $0.93 last year.

Adjusted earnings for the quarter was $1.24 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.95 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved 6.1 percent to $2.73 billion from $2.58 billion last year. Analysts expected revenues of $2.72 billion.

Looking ahead to the fourth-quarter, the company has forecast earnings in the range of $1.14 to $1.18 per share, with revenues ranging between $2.925 billion and $3.025 billion. Analysts currently expect the company to report fourth-quarter earnings of $1.18 per share on revenues of $2.93 billion.