Why Is Avnet (AVT) Up 12.2% Since Last Earnings Report? [Yahoo! Finance]
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Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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US:NYSE Investor Relations:
ir.avnet.com/investor-relations
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Avnet due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Avnet's Earnings and Revenues Miss Estimates in Q3 Avnet reported lower-than-expected third-quarter fiscal 2024 results. The company's non-GAAP earnings were $1.10 per share, which came a penny lower than the Zacks Consensus Estimate of $1.11. Moreover, the reported figure came 45% lower than the year-ago quarter's non-GAAP earnings of $2 per share, mainly due to lower revenues. Revenues declined 13% year over year to $5.65 billion and came slightly lower than the Zacks Consensus Estimate of $5.70 billion. The company's top-line performance reflects a negative impact of weakened demand amid uncertain economic conditions and inventory correction measures adopted by customers. Duri
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AVT
News
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- Avnet (NASDAQ:AVT) stock performs better than its underlying earnings growth over last five years [Yahoo! Finance]Yahoo! Finance
- Avnet to Participate in Investor Conferences in JuneBusiness Wire
- Avnet Declares Regular Quarterly DividendBusiness Wire
- Investing in Avnet (AVT)? Don't Miss Assessing Its International Revenue Trends [Yahoo! Finance]Yahoo! Finance
AVT
Earnings
- 5/1/24 - Miss
AVT
Sec Filings
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- AVT's page on the SEC website