SYNNEX Q4 Profit Declines; Issues Q1 Outlook - Quick Facts

(RTTNews) - SYNNEX Corp. (SNX) Thursday reported fourth-quarter net income attributable to the company of $41.5 million, or $1.10 per share, compared to $43.6 million, or $1.16 per share last year.

Adjusted earnings for the latest fourth quarter was $1.20 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $3.06 billion from $2.77 billion last year, while seven analysts expected revenues of $2.98 billion.

Looking ahead to the first-quarter, the company has forecast earnings in the range of $0.91 to $0.95 per share, with revenues ranging between $2.68 billion and $2.78 billion. Analysts currently expect the company to report first-quarter earnings of $1.03 per share on revenues of $2.70 billion.