Shares of Avnet AVT decreased in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 20.00% over the past year to $0.48, which beat the estimate of $0.39.
Revenue of $4,668,000,000 rose by 2.93% year over year, which beat the estimate of $4,270,000,000.
Guidance
Q3 EPS expected between $0.52 and $0.58.
Q3 revenue expected to be between $4,300,000,000 and $4,700,000,000.
Conference Call Details
Date: Jan 27, 2021
Time: 04:30 PM
ET Webcast URL: https://veracast.com/webcasts/avt/earnings/1031009385.cfm
Recent Stock Performance
52-week high: $42.89
Company's 52-week low was at $17.85
Price action over last quarter: Up 52.88%
Company Profile
Avnet is a leading value-added distributor of electronic components. The company's customer base is composed of original equipment manufacturers, or OEMs, electronic manufacturing services, or EMS, providers and original design manufacturers, or ODMs. The firm operates in two groups--electronic components and Farnell, the latter of which was acquired by Avnet in October 2016.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.