synnex

SYNNEX (NYSE: SNX) has reported a third-quarter EPS of $1.24 versus the Street's estimate of $0.94, beating by $0.30. Earnings per share were up 33 percent from the year-ago period. Revenue came in at $2.73 billion versus the Street estimate of $2.72 billion. Sales were up 6 percent year-over-...

This week, General Mills, Monsanto and Nike will step into the earnings spotlight. All three of these companies are forecast to report earnings growth. Below is a day-by-day rundown of what analysts expect from the week's most prominent quarterly reports. Monday Apollo Group (NASDAQ: APOL), an...

While much of the attention will be on the Supreme Court this week, Best Buy is on tap to report its quarterly results. Analysts expect year-over-year earnings growth from the box-box retailer, as well as from Family Dollar and Red Hat. But the consensus forecasts for this week's results from...

The new earnings season kicks off this week when aluminum producer Alcoa (NYSE: AA) reports fourth-quarter results on Monday. JPMorgan Chase (NYSE: JPM) also is scheduled to post fourth-quarter results this week, and so is homebuilder Lennar (NYSE: LEN). Supermarket chain operator Supervalu (NYSE:...

Sterne Agee is out with its report today on Synnex (NYSE: SNX), maintaining Neutral. In a note to clients, Sterne Agee writes, "While we believe in the strong fundamentals of SNX and see upside potential to $35 based on a 9.5x forward multiple, an 11% return isn't enough to justify a Buy rating,...

BMC is out with its reporty today on Synnex (NYSE: SNX), lowering its PT from $43 to $40. In a note to clients, BMC writes, "Aug Q guidance was softer than consensus, with revenue of $2.54B-$2.64B and EPS of $0.88-$0.92 vs. Street of $2.65B and $0.94 due to ongoing soft consumer IT demand (most...

According to Citi, Synnex (NYSE: SNX) reported solid 2FQ results with in-line revs and a modest beat on earnings due to better distribution margins. Citi said that it is modestly revising down our revenue assumptions for FY11-13 by 2-3% primarily due to concerns over Japan. “However, our FY12-13...

Bank of America Merrill Lynch is out with its report today on SYNNEX (NYSE: SNX), raising its PO to $38. In a note to clients, Bank of America Merrill Lynch writes, "Our F2011 and F2012 revenue estimates go to $10.5bn and $11.4bn from $10.7bn and $11.8bn on weak consumer and softness in Japan. Our...

Brean Murray Carret & Company has lowered the price target on Synnex Corporation (NYSE: SNX) from $43 to $40 and maintains its Buy rating.

Citigroup has published a research report on SYNNEX Corporation (NYSE: SNX) based on the company's impressive operating leverage in its 3Q. In the report, Citigroup writes "Synnex 3FQ EPS handily beat consensus estimates thanks to solid top line, improving product mix, a relatively rational pricing...