Avnet Stock Plunges 10% as Q2 Earnings Miss Estimates, Down Y/Y
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Avnet's stock dropped by 10% following a disappointing Q2 fiscal 2025 earnings report, which missed estimates and showed a year-over-year decline. The company's Electronic Components and Farnell segments continue to exhibit weakness.
January 30, 2025 | 4:45 pm
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Avnet's Q2 fiscal 2025 earnings missed estimates, leading to a 10% drop in stock price. The company is facing ongoing challenges in its Electronic Components and Farnell segments.
The 10% drop in Avnet's stock price is directly linked to the company's Q2 earnings miss and year-over-year decline, highlighting ongoing issues in its core segments. This negative performance is likely to impact investor sentiment and stock price in the short term.
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