SYNNEX Corporation Reports Third Quarter Fiscal 2019 Results
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SYNNEX Corp. (SNX) Tops Q3 EPS by 44c, Revenues Beat; Offers Q4 EPS/Revenue Outlook
September 24, 2019 4:18 PM EDTSYNNEX Corp. (NYSE: SNX) reported Q3 EPS of $3.30, $0.44 better than the analyst estimate of $2.86. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $5.69 billion.
Technology Solutions: Revenue was $5.0 billion, up 16.5% from the prior fiscal year third quarter. Operating income was $139 million, or 2.8% of segment revenue, compared to $102 million, or 2.3% of segment revenue, in the prior fiscal year third quarter. Non-GAAP operating income was $150 million, or 3.0% of segment revenue, compared to $117 million, or 2.7% of segment revenue, in the prior fiscal year third... More