SYNNEX Corp. (SNX) Tops Q4 EPS by 14c, Offers Q1 Guidance

SYNNEX Corp. (NYSE: SNX) reported Q4 EPS of $1.83, $0.14 better than the analyst estimate of $1.69. Revenue for the quarter came in at $3.82 billion versus the consensus estimate of $3.72 billion.

SYNNEX Corp. sees Q1 2015 revenue of $3.375-3.475 million, versus the consensus of $3.39 million.

Fiscal 2015 First Quarter Earnings Outlook and Dividend Announcement:

The following statements are based on SYNNEX' current expectations for the fiscal 2015 first quarter and do not include acquisition and integration expenses and amortization of intangibles. These statements are forward-looking and actual results may differ materially.

• Revenue is expected to be in the range of $3.375 billion to $3.475 billion.
• Non-GAAP net income is expected to be in the range of $59.8 million to $61.8 million.
• Non-GAAP diluted earnings per share are expected to be in the range of $1.49 to $1.54.
• After-tax amortization of intangibles is expected to be $8.7 million, or $0.22 per share. These estimates are based on the preliminary purchase price allocation of the IBM CRM acquisition and are subject to change.
• SYNNEX announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be payable on January 30, 2015 to the shareholders of record as of the close of business on January 16, 2015.

For earnings history and earnings-related data on SYNNEX Corp. (SNX) click here.

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