FREMONT -- Synnex said Thursday its fourth-quarter profits tumbled due to a slump in revenue.

Despite the decline in profits, the results topped Wall Street's expectations.

Investors were jolted, though, by a disappointing revenue forecast from the company, which provides tech services and distributes technology products.

Fremont-based Synnex earned $43.6 million on sales of $2.77 billion. Compared to the year-ago quarter, profits fell 13.1 percent and revenue slipped 2.5 percent.

Per-share profits totaled $1.16. Analysts had predicted $1.04 a share.

Contact George Avalos at 408-373-3556 or 925-977-8477. Follow him at twitter.com/george_avalos.




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