Synnex Corp. SNX, +1.84% shares rose in the extended session Thursday after the business process services company’s quarterly results and outlook topped Wall Street estimates. Synnex shares advanced 3.7% after hours, following a 1.8% rise to close the regular session at $86.83. The company reported fiscal fourth-quarter net income of $113.2 million, or $2.41 a share, compared with $91.1 million, or $2.26 a share, in the year-ago period. Adjusted earnings were $3.65 a share. Revenue rose to $5.62 billion from $5.31 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $3.10 a share on revenue of $5.42 billion. For the fiscal first quarter, Synnex expects adjusted earnings of $2.70 to $2.80 a share on revenue of $5.23 billion to $5.43 billion, while analysts had forecast $2.52 a share on revenue of $5.01 billion. Synnex also hiked its quarterly dividend 7% to 37.5 cents a share.
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