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Stock impact report

Avnet shares rise 3% on revenue beat [MarketWatch]

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: MarketWatch
Avnet Inc. shares rose 3% in after-hours trading Monday after the distributor and seller of electronic components reported fiscal third-quarter revenue and net income that eclipsed Wall Street estimates. Avnet reported a loss of $128.7 million, or $1.29 a share. Earnings, adjusted for one-time gains and costs, were 38 cents per share. Revenue declined 8% to $4.31 billion from $4.7 billion a year ago. Analysts surveyed by Zacks Investment Research had expected adjusted earnings of 29 cents a share on sales of $4.02 billion. Avnet shares are down 39% in the last year. The broader S&P 500 index is down 2.2% in the last year. Show less Read more
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