🔴 Synnex is trading 9.4% down today as earnings beat failed to sustain elevated valuation

Synnex is trading 9.4% down at $260.71 now after fiscal third-quarter results exceeded expectations but failed to sustain the stock’s elevated valuation.

• Adjusted EPS reached $5.68 versus a $4.64 consensus, while revenue rose 37.7% to $21.6 billion.
• Shares fell 3.44% premarket after the release. Major U.S. indexes are lower and Treasury yields elevated during a broader risk-off session.