Avnet: Q1 Earnings Insights

Avnet: Q1 Earnings Insights

Avnet AVT reported its Q1 earnings results on Wednesday, October 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Avnet beat estimated earnings by 4.71%, reporting an EPS of $2.0 versus an estimate of $1.91.

Revenue was up $1.17 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 6.31% drop in the share price the next day.

Here's a look at Avnet's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.98 1.52 1.27 1.08
EPS Actual 2.07 2.15 1.51 1.22
Revenue Estimate 6.26B 5.69B 5.59B 5.29B
Revenue Actual 6.37B 6.49B 5.87B 5.58B

To track all earnings releases for Avnet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings