Canada's biggest institutional investor names BHP Billiton exec new chief finance and risk officer

Canada’s largest institutional investor, Canada Pension Plan Investment Board (CPPIB), said Wednesday it has appointed Neil Beaumont as its chief financial and risk officer, effective July 24. Beaumont was most recently vice president, finance minerals America, at miner BHP Billiton Ltd. . He will replace Benita Warmbold, who is retiring on Aug. 31.

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Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

Canada’s biggest institutional investor names BHP Billiton exec new chief finance and risk officer

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