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Why Synnex Stock Is Soaring Today

TheMotleyFool

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Why Synnex Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Conglomerate, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/95f18fed-a4d6-4069-b489-4d050c74c618.png

Shares of Synnex (NYSE: SNX) surged as much as 17% higher on Friday, following the distribution and logistics systems specialist's strong second-quarter earnings report.

Top-line sales fell 3% year over year to $5.53 billion, but the Wall Street consensus stopped at $5.13 billion. Earnings fell 36% to $1.83 per share. Your average analyst had been expecting a net loss of $2.12 per share.

Source Fool.com

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