Avnet Q4 Adj $1.22 Beats $0.95 Estimate, Sales $5.56B Beat $5.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avnet (NASDAQ:AVT) reported Q4 earnings of $1.22 per share, beating the analyst estimate of $0.95. Sales were $5.56 billion, also surpassing the $5.37 billion estimate. However, both earnings and sales were down compared to the same period last year.
August 08, 2024 | 12:02 pm
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Avnet reported Q4 earnings of $1.22 per share, beating the analyst estimate of $0.95. Sales were $5.56 billion, also surpassing the $5.37 billion estimate. However, both earnings and sales were down compared to the same period last year.
Avnet's Q4 earnings and sales both exceeded analyst expectations, which is likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
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