Brean Capital Downgrades Avnet (AVT) to Hold

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Go back to Brean Capital Downgrades Avnet (AVT) to Hold

Avnet (AVT) Tops Q3 EPS by 2c

April 28, 2016 6:51 AM EDT

Avnet (NYSE: AVT) reported Q3 EPS of $1.01, $0.02 better than the analyst estimate of $0.99. Revenue for the quarter came in at $6.17 billion versus the consensus estimate of $6.31 billion.

GUIDANCE:

Avnet sees Q4 2016 EPS of $0.95-$1.05, versus the consensus of $1.13. Avnet sees Q4 2016 revenue of $5.95-6.55 billion, versus the consensus of $6.55 billion.

Rick Hamada, Chief Executive Officer, commented, Our... More