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Avnet Inc Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for Avnet Inc (AVT):

-Earnings: $52.16 million in Q4 vs. -$31.84 million in the same period last year.
-EPS: $0.53 in Q4 vs. -$0.30 in the same period last year.
-Excluding items, Avnet Inc reported adjusted earnings of $63.24 million or $0.64 per share for the period.
-Analysts projected $0.04 per share
-Revenue: $4.16 billion in Q4 vs. $4.68 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.00 – $0.16
Next quarter revenue guidance: $3.8 - $4.2 Bln

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