SYNNEX (NYSE:SNX) shares fell more than 7% intra-day today after the company reported its Q2 earnings results, with EPS of $2.43 coming in worse than the Street estimate of $2.55. Revenue fell 7.9% year-over-year to $14.06 billion, missing the Street estimate of $14.44 billion.

According to CEO Rich Hume, the company’s exceptional range of products and services, covering all stages of the process, enabled them to achieve growth in Advanced Solutions and high-growth technologies. This success came at a time when the industry faced decreased demand for PC ecosystem products due to the ongoing effects of the post-pandemic decline.

For Q2/23, the company expects EPS to be in the range of $2.20-$2.70, compared to the Street estimate of $2.76, and revenue in the range of $13.5-$14.5 billion, compared to the Street estimate of $14.986 billion.