Brean Capital Downgrades Avnet (AVT) to Hold

Avnet, Inc. Reports Third Quarter Fiscal Year 2016 Results

April 28, 2016 6:45 AM EDT

Earnings Per Share in Line with Expectations
Strong Cash Flow from Operations

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced results for the third quarter fiscal year 2016 ended April 2, 2016.

Q3 Fiscal 2016 Results

                Third Quarters Ended April 2, 2016       March 28, 2015       Change $ in millions, except per share data Sales $ 6,174.7 $ 6,736.9 (8.3 ) % Constant Currency (1) (6.9 ) %   GAAP Operating Income 181.6 203.7 (10.9 ) % Adjusted Operating Income (2) 205.2 230.4 (10.9 ) %... More