Oil prices end at a 2-week high, up more than 4% for the week

Oil prices finished at their highest level in two weeks on Friday, scoring a gain of roughly 4.4% for the week as uncertainty surrounds Iran’s nuclear deal and amid strong Chinese crude imports. November WTI crude rose 85 cents, or 1.7%, to settle at $51.45 a barrel on the New York Mercantile Exchange-the highest since Sept. 29, according to FactSet data.

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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.

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