FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Synnex Corp. (SNX) on Tuesday reported fiscal second-quarter earnings of $133.1 million.
On a per-share basis, the Fremont, California-based company said it had net income of $1.41. Earnings, adjusted for one-time gains and costs, were $2.43 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.
The high-tech contractor posted revenue of $14.06 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $14.37 billion.
Synnex expects full-year earnings in the range of $2.20 to $2.70 per share, with revenue in the range of $13.5 billion to $14.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNX at https://www.zacks.com/ap/SNX
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