Investing.com - Synnex reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Synnex announced earnings per share of $2.74 on revenue of $15.36B. Analysts polled by Investing.com anticipated EPS of $2.74 on revenue of $15.04B.
Synnex shares are down 13% from the beginning of the year and are trading at $84.46 , down-from-52-week-high.
Synnex follows other major Information Technology sector earnings this month
Synnex's report follows an earnings beat by Broadcom on September 1, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on September 12 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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