Avnet's (AVT) Q2 Earnings and Revenues Surpass Estimates [Yahoo! Finance]
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.avnet.com/investor-relations
Company Research
Source: Yahoo! Finance
The company's non-GAAP earnings were $1.40 per share, which surpassed the Zacks Consensus Estimate of $1.39. However, the reported figure came 30% lower than the year-ago quarter's non-GAAP earnings of $2 per share, mainly due to lower revenues and the negative impact of 12 cents from higher interest expenses. Revenues declined 7.6% year over year to $6.20 billion but slightly came ahead of the Zacks Consensus Estimate of $6.15 billion. The company's top-line performance reflects a negative impact of weakened demand amid uncertain economic conditions and inventory correction measures adopted by customers. During the second quarter, Avnet witnessed mixed demand across the diverse end markets it serves. The company pointed out that the defense and transportation markets continued to show relative strength, while demand in the industrial, consumer and communications verticals was relatively soft. Avnet, Inc. Price, Consensus and EPS Surprise Avnet, Inc. price-consensus-eps-surpri
Show less
Read more
Impact Snapshot
Event Time:
AVT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AVT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AVT alerts
High impacting Avnet, Inc. news events
Weekly update
A roundup of the hottest topics
AVT
News
- Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with Avnet [Yahoo! Finance]Yahoo! Finance
- Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with AvnetBusiness Wire
- Avnet to Report Third Quarter Fiscal Year 2024 Earnings on May 1Business Wire
- Avnet (AVT) Up 2.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Avnet to Participate in the Raymond James Institutional Investors Conference on March 4Business Wire
AVT
Earnings
- 1/31/24 - Beat
AVT
Sec Filings
- 4/2/24 - Form 4
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- AVT's page on the SEC website