Avnet Q1 2024 Adj. EPS $1.61 Beats $1.52 Estimate, Revenue $6.335B Misses $6.347B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avnet's Q1 2024 adjusted EPS of $1.61 has surpassed the estimate of $1.52. However, the company's revenue of $6.335B fell short of the $6.347B estimate.
November 01, 2023 | 8:26 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Avnet's Q1 2024 earnings beat EPS estimates but missed on revenue. This mixed result could lead to uncertain market reactions.
Avnet's earnings report is a mixed bag, with EPS beating estimates but revenue falling short. This could lead to uncertainty in the market, as investors weigh the positive EPS result against the negative revenue result. The impact on the stock price could go either way in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100