Avnet Sees Q2 2024 Adj. EPS $1.35-$1.45 Vs $1.37 Est.; Revenue $6B-$6.3B Vs $6.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Avnet has projected its Q2 2024 adjusted EPS to be between $1.35 and $1.45, compared to the estimated $1.37. The company also expects its revenue to range from $6B to $6.3B, against the estimated $6.13B.
November 01, 2023 | 9:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Avnet's Q2 2024 earnings and revenue projections are slightly higher than estimates. This could potentially lead to a positive market reaction.
Avnet's projected earnings and revenue for Q2 2024 are slightly higher than the estimates. This indicates that the company is confident about its future performance, which could potentially lead to a positive market reaction and an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100