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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.