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Stock impact report

Avnet Reports Third Quarter Fiscal 2018 Results

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: Business Wire
Strategic Initiatives Continue to Drive Improved Financial Performance PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter ended March 31, 2018. Third Quarter Fiscal 2018 Highlights Sales of $4.8 billion increased 6.1% sequentially and 8.0% year over year Excluding supplier program changes, sales grew 7.3% year over year in constant currency GAAP operating margin loss of (1.1%) Non-GAAP adjusted operating income margin improved sequentially to 3.7% GAAP diluted EPS loss of ($2.64) driven by goodwill impairment and tax reform Non-GAAP adjusted diluted EPS of $1.02 exceeded the high end of guidance CEO Commentary “This quarte Show less Read more
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