Shares of TD SYNNEX (NYSE:SNX) surged 5.3% after reporting third-quarter results that beat analyst expectations. Revenue was $15.65 billion, up 6.6% year on year, with adjusted earnings per share of $3.58. Fourth-quarter revenue guidance of $16.9 billion and adjusted EPS guidance of $3.70 also exceeded estimates. The stock closed at $159.75, up 6.3%. While today’s move is significant, the market has only seen 5 larger moves in the past year. Despite a weak quarter 6 months ago, the stock is up 37.1% this year, reaching a new 52-week high.

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Read more at Barchart: TD SYNNEX (SNX) Stock Trades Up, Here Is Why