Foreclosure rate in South Florida shows big improvement in Q1

Foreclosure filings fell significantly in South Florida during the first quarter, according to RealtyTrac.

The tri-county region had the 14th-highest foreclosure rate with one filing for every 258 homes. In recent years, South Florida had the highest rate in the nation. Now the highest foreclose rates are in Atlantic City, New Jersey, Trenton, New Jersey, Baltimore, Lakeland/Winter Haven and Rockford, Illinois, respectively.

RealtyTrac counts new foreclosure lawsuits, notices of auction and repossessions… …read more

From:: biz journal foreclosures

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.

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From:: Stock Market News

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