Avnet Inc (AVT) Reports Q2 2024 Earnings: Sales Dip Amid Economic Challenges [Yahoo! Finance]
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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US:NYSE Investor Relations:
ir.avnet.com/investor-relations
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Source: Yahoo! Finance
Diluted EPS : GAAP EPS at $1.28, a significant decrease from $2.63 the previous year. Adjusted Diluted EPS : Non-GAAP EPS at $1.40, down 30% year-over-year. Electronic Components Margin : Operating margin decreased to 4.3% from 4.7% year-over-year. Balance Sheet : Total assets increased to $12.99 billion from $12.48 billion as of July 1, 2023. Cash Flow : Operating activities resulted in a cash use of $83.6 million for the six months ended December 30, 2023. Warning! GuruFocus has detected 4 Warning Signs with AVT. On January 31, 2024, Avnet Inc ( NASDAQ:AVT ) released its 8-K filing , detailing the financial results for its second quarter ended December 30, 2023. The global distributor of electronic components reported a decrease in sales to $6.2 billion, a 7.6% year-over-year decline, and a 2.1% decrease from the previous quarter. Operating income also saw a significant drop to $236.3 million, a 21% decrease from the same period last year. Diluted earnings per share (EP
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AVT
News
- Avnet's (AVT) Earnings and Revenues Miss Estimates in Q3 [Yahoo! Finance]Yahoo! Finance
- Avnet, Inc. (NASDAQ: AVT) had its price target lowered by analysts at Truist Financial Co. from $49.00 to $48.00. They now have a "hold" rating on the stock.MarketBeat
- Avnet Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with Avnet [Yahoo! Finance]Yahoo! Finance
- Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with AvnetBusiness Wire
AVT
Earnings
- 5/1/24 - Miss
AVT
Sec Filings
- 5/1/24 - Form 8-K
- 4/2/24 - Form 4
- 3/21/24 - Form 4
- AVT's page on the SEC website