Avnet, Inc. (AVT) reported a profit for its third quarter that Increases, from the same period last year
The company's bottom line came in at $94.3 million, or $1.14 per share. This compares with $87.9 million, or $1.01 per share, last year.
Excluding items, Avnet, Inc. reported adjusted earnings of $122.5 million or $1.48 per share for the period.
The company's revenue for the period rose 33.9% to $7.119 billion from $5.315 billion last year.
Avnet, Inc. earnings at a glance (GAAP) :
-Earnings: $94.3 Mln. vs. $87.9 Mln. last year.-EPS: $1.14 vs. $1.01 last year.-Revenue: $7.119 Bln vs. $5.315 Bln last year.
-Guidance:Next quarter EPS guidance: $ 1.70 To $ 1.80Next quarter revenue guidance: $ 7.30 B To $ 7.60 B
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.