U.S. oil prices end lower for first time in four sessions

Oil prices settled lower Tuesday, with U.S. benchmark crude down after a three-session rise. Expectations that the Energy Information Administration on Wednesday will report a weekly rise in U.S. crude inventories, ongoing concerns about growth in domestic output and strength in the dollar pressured prices. April WTI crude fell 90 cents, or 1.4%, to settle at $63.01 a barrel on the New York Mercantile Exchange.

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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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