Chicago, IL 3/28/12 (StreetBeat) -- Synnex Corp. (NYSE: SNX), a provider of supply- chain technology services, fell the most in seven years, after the company’s second-quarter revenue and profit forecasts trailed estimates.The Fremont, California-based company’s shares fell 14 percent to $37.39 at 10:03 a.m., the steepest drop since March 2005. The shares had gained 43 percent this year before today.
The company yesterday predicted revenue of $2.45 billion to $2.55 billion for its fiscal second quarter. That compared to a median estimate of $2.6 billion from analysts in a Bloomberg survey. Per share earnings will be 87 cents to 91 cents, the company said. Analysts in a Bloomberg survey had predicted a median estimate of 95 cents.
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