Avnet (AVT) Up 2.7% Since Last Earnings Report: Can It Continue? [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
Will the recent positive trend continue leading up to its next earnings release, or is Avnet due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Avnet's Q2 Earnings and Revenues Surpass Estimates Avnet reported better-than-expected second-quarter fiscal 2024 results. 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 inve
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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 to Participate in the Raymond James Institutional Investors Conference on March 4Business Wire
- Avnet Declares Regular Quarterly DividendBusiness 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